Every day food in Kazakhstan is getting more and more expensive: plus 9.3% - per year!

Published Jun 23, 2021

Tridge summary

Kazakhstan has seen a significant increase in food prices, with the largest monthly growth recorded in the Turkestan region and the most notable annual jump in the Atyrau region. The price increase affected various food products, including flour, sunflower oil, vegetables, fruits, and meat. The government has developed a roadmap to stabilize prices, including allocating 30 billion tenge for subsidies, concluding forward contracts for product purchase, and providing loans to maintain price stability. The article also provides the 'official' price for imported food products such as chicken drumsticks from the USA, shrimps from Iran, sea bass from Sri Lanka, and other products.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the annual dynamics, prices for flour, sunflower oil, vegetables and other socially significant products jumped sharply. According to the results of MAY of this year, prices for food products in Kazakhstan increased by an average of 0.8% over the month, and by 9.3% in annual dynamics. The largest monthly growth was recorded in the Turkestan region - by 1.4%. The Energyprom portal informs about this. According to the portal, in the annual dynamics, the most noticeable jump in prices was recorded in the Atyrau region - by 10.9%. Very pessimistic indicators were also noted in the Karaganda and Pavlodar regions. It should be noted that in 9 out of 17 regions of Kazakhstan, the annual growth turned out to be higher than the national average. “Fresh fruit rose in price by 0.9% over the year, processed and canned - by 4.6%. Fresh vegetables, in turn, rose in price by 6.4%, processed and canned vegetables - by 10.7%. Banana prices increased by 2.7% per month and by 10.3% per year, up ...

Source: Agrosektor