National Bank: Monthly Inflation Exceeded Historical Figures
Annual inflation in Kazakhstan accelerated in October and reached 8.5%. Prices began to rise faster in eight regions of the country, Orda.kz reports.
According to the National Bank, annual inflation has grown by 0.2% compared to September. The process accelerated most in Astana and the Mangystau Oblast.
Inflation has slowed in ten regions versus eight (prices remained at the same level in two more regions).
Food prices increased by 4.9% in October, with the most significant price increase felt in Almaty (+7.4%). Non-food products increased in price year-on-year by 7.8% (the most considerable increase, 13.2%, was in the Turkestan Region).
Services, including utilities, remained the "locomotive" of price growth, rising every month.
Prices for paid services in October accelerated their growth rate to 14.3% year-on-year (in September - 13.6%). At the same time, prices grew significantly higher than the national level in Pavlodar region (18.1%), significantly lower - in Almaty region (8.3%), The National Bank noted.
In October, inflation across the country rose by 0.9% — higher than the historical monthly inflation average of 0.7% for 2017-2021.
Original Author: Nikita Drobny
Read also:
Latest news
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains
- Tengiz Oil Production Gradually Restored After Operational Failure
- Tokayev Meets Cuban Vice President To Discuss AI And Medicine
- Karaganda Zoo Shows Newborn Amur Tiger Cubs For The First Time
- Putin and Tokayev Consolidate New Format of Relations, Political Analyst Says
- Kazakhstan Releases Prices For All Non-Prescription Medicines
