Wholesale food prices surge over 20% in Kazakhstan
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Wholesale food prices in Kazakhstan rose over 20% year-on-year for some categories, Lada.kz reported. The increase marks a new wave of food inflation in the wholesale sector.
Price Surge by Category
According to Lada.kz, wholesale prices for certain food items increased by over 20% year-on-year. The sharpest rises were recorded for vegetables, dairy products, and meat. For example, wholesale potato prices jumped 35%, while beef rose 22%.
Drivers of Inflation
Analysts attribute the surge to higher production costs, including feed and energy prices. Supply chain disruptions and reduced harvests in key regions also contributed. The National Bank of Kazakhstan has flagged food inflation as a key risk to its 5% target.
What's Next
The government is expected to announce measures to stabilize prices in the coming weeks. It remains unclear whether the wholesale spike will fully pass through to retail consumers.
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Wholesale food prices surge over 20% in Kazakhstan
