14.Jun .2022 13:30

NB of Kazakhstan forecasts inflation to soar to 15% by 2022

NB of Kazakhstan forecasts inflation to soar to 15% by 2022
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By the end of 2022, inflation is expected to soar 13-15% in Kazakhstan, reports the National Bank.

“Until the end of 2022, against the background of the restructuring of import supplies of products, significant external inflationary pressure, high world food prices, as well as a positive fiscal impulse, inflation is expected to form in an increased range of 13-15%,” reads the report.

Inflation is expected to slow down to 7.5-9.5% in 2023, in 2024 inflation will approach the upper limit of the target corridor, that is, to 8%, KazTag reports.