EXTERNAL ECONOMIC SHOCKS AND FOOD PRICE DYNAMICS IN KAZAKHSTAN

Y. A. Dossymzhanov

2026

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DOI 10.48081/btouecon3.2026/183-193
Data confidence 70 medium
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Abstract

Official statistics from the Bureau of National Statistics of the Republic of Kazakhstan formed the basis of this study. The research focuses on food price affordability in Kazakhstan during periods of external economic shocks. Price indices for the 2015 and 2020 crises and average prices for 19 socially important food products from 2022 to 2026 were examined. Food price dynamics were examined by comparing the effects of the national currency devaluation, the COVID-19 pandemic, and geopolitical instability. Changes in the prices of individual food products were analyzed, and price growth rates were calculated for the main commodity groups. The study identified the product categories most sensitive to external factors and revealed differences in price dynamics depending on the nature of the crisis. The findings indicate that currency, logistical, and geopolitical shocks accelerate food inflation and affect different groups of socially important food products unevenly. The highest price increases were observed for vegetables, dairy products, and meat products, while several non-perishable commodities demonstrated price stabilization following a period of sharp growth. The results may contribute to the evaluation of the domestic food market and support decision-making on food security in Kazakhstan. Keywords: food security, external economic factors, food prices, socially significant food products, price index, average prices.