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Inflation in Kazakhstan exceeded 16% year-on-year

Inflation in August was 16.1% on year-on-year basis, according to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan.
Inflation in Kazakhstan exceeded 16% year-on-year

The prices for food products in August this year increased by 20.8% compared to August prices last year, non-food products grew in prices by 15.5% and commercial services - by 10.1%.

A significant increase in prices in the food market in annual terms was noted for granulated sugar - 92.8%, onion - 46.9%, flour - 41.4%. A decrease in prices was observed for beets by 12.4%, carrots - by 11.6%.

The increase in prices for non-food products in August amounted to 15.5%. The price level for stationery grew by 60.5%, personal goods - by 28.4%, detergents and cleaning products - by 26.6%, household appliances - by 24.2%, building materials - by 20%, children's footwear - 19.6%.

Prices for commercial services have built up by 10.1% over the year.

“The Bureau monthly calculates the index of consumer prices, which characterizes the level of inflation. We see changes in tariffs and prices for services and goods, for a total of 508 items,” said the director of the Price Statistics Department of Bureau Kuanyshbek Zhakypbekuly.

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