16.Dec .2021 20:00

Inflation in Kazakhstan to be within 8.7% for the Year

Inflation in Kazakhstan to be within 8.7% for the Year
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Inflation in Kazakhstan will be within 8.7% in 2021, said the National Bank of Kazakhstan. 
 
“Compared to the previous forecast, short-term inflation forecasts have not changed significantly. At the end of 2021, inflation is expected to be in the range of 8.5-8.7%,” reads the report, KAZTAG reports. 
 
Under effective implementation of anti-inflationary response measures by the government and akimats for 2021-2024, inflation will form close to the lower border of the forecast range.
 
Accelerating growth in prices for non-food products and services will be counterbalanced by a slowdown in the growth of food prices.
 
The recovery growth of the economy will be 3.7-4% in 2021 year on year. The National Bank expects an acceleration of GDP growth rates to 3.9-4.2% in 2022.