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Taldykorgan leads Kazakh cities in weekly staple food price decline at 0.7%

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Taldykorgan leads Kazakh cities in weekly staple food price decline at 0.7%

Kazakhstan's socially significant food prices are down in 10 cities over the past week, with Taldykorgan leading at 0.7%, according to Ulysmedia. Potato prices averaged 259 tenge per kilogram nationwide, while Pavlodar offered the cheapest at 191 tenge. Prices for bread, pasta, beef, horse meat, milk, eggs and butter remained unchanged over the same week.

Weekly Price Declines

The largest drop in the weekly index of socially significant food prices was 0.7% in Taldykorgan. Aktau and Zhezkazgan recorded declines of 0.4%, followed by Petropavl at 0.3% and Astana at 0.2%. Karaganda, Kostanay, Uralsk, Ust-Kamenogorsk and Pavlodar each posted a 0.1% decrease. Almaty, Turkistan, Aktobe, Semey and Taraz showed no significant weekly change.

Cheapest Product Prices

Nationwide average potato prices stood at 259 tenge per kilogram, with Pavlodar selling at 191 tenge, the lowest. White cabbage averaged 189 tenge per kilogram, and Turkistan recorded the lowest price at 142 tenge, ahead of Taraz at 152 tenge. Apples averaged 797 tenge per kilogram, with Shymkent the cheapest at about 639 tenge.

Meat Prices and Inflation Expectations

Beef with bones averaged 3,779 tenge per kilogram across Kazakhstan, while chicken meat cost an average 1,736 tenge per kilogram. Prices for hard and semi-hard cheese, cottage cheese, salt, first-grade flour and sour cream also declined slightly over the week. Separately, Kazakh households in July expected prices to rise 12.1% over the next 12 months, down from 13.4% in June, according to a previous Ulysmedia report.

What's Next

The next weekly statistical release will show whether the 0.7% decline in Taldykorgan extends to other cities. It remains unclear whether falling vegetable and dairy prices will offset stable or rising costs for bread, meat and eggs.

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Taldykorgan leads Kazakh cities in weekly staple food price decline at 0.7%