Inflation Trends in Kazakhstan’s regions in March 2022
Comment of Head of the Real Sector Monitoring Division of NBK Monetary Policy Department Igor Ossipov
In March 2022, annual inflation in the country accelerated, and made 12.0% (8.7% in February). In terms of regions, annual inflation sped up in all 17 regions.
The highest acceleration was recorded in Aktobe Region (from 9.0% in February to 12.9% in March) and Shymkent City (from 8.5% to 12.4%).
The growth pace of foodstuff prices in March rose to 15.4% (10.0% in February). The maximum increase in prices for goods of this group was recorded in Aktobe Region (18.5%).
The growth rate of prices for non-food products also grew to 10.9% (8.6% in February). The maximum value was reported in Akmola Region (12.4%), while the minimum value being in reported in Western Kazakhstan Region (9.2%).
Prices for paid services in March increased by 8.3% (7.1% in February), meanwhile prices rose significantly above the national level in Almaty Region and Western Kazakhstan Region (9.4%), significantly lower – in Aktobe Region (5.9%).
Monthly inflation in the country was 3.7%, which is higher than the average of March prices for the past 5 years (0.6% for 2017-2021).
Above their average historical rate, prices in March 2022 increased in all 17 regions. The highest acceleration of the monthly inflation was indicated in Shymkent City (4.3%).
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