BAKU, Azerbaijan, January 17. Kazakhstan’s annual inflation reached 20.3 percent in December 2022, Igor Osipov, Head of the Real Sector Monitoring Division of the Monetary Policy Department of the National Bank of Kazakhstan (NBK), said, Trend reports, citing the press service of the NBK.
The annual inflation rate in November, in contrast, was 19.6 percent.
In terms of regions, inflation accelerated in 19 regions, while it slowed down in the Almaty region.
Food prices increased in December 2022, by 25.3 percent in year-on-year terms. Residents of the Mangystau region observed the most significant increase in this category. Food prices here increased by 31.6 percent.
The smallest level of food price increase was recorded in the Almaty region, with a 23.6 percent increase registered here.
Meanwhile, non-food prices exhibited a 19.4 percent year-on-year increase. Prices for this category of goods skyrocketed in Astana by 30.5 percent, while the Almaty region demonstrated the best overall result with a 15.3 inflation rate for non-food goods.
Prices for paid services in December remained at the level of 14.1 percent. Despite this, prices rose significantly higher than the national level in the Mangystau region, with inflation for services reaching 17.8 percent here.
On the other end of the spectrum, a significantly lower price increase of 11.4 percent was observed in the Turkestan region.