A stable trend of slowing inflationary processes is observed this year in Kazakhstan. In June, annual inflation decreased to 8.4% compared to June last year (9.5% in January).
The increase in food prices slowed to 5.4%, while non-food prices slowed to 7.4%. The increase in prices for paid services amounted to 13.8%. Meanwhile, the inflation rate in June, 2024, compared to the previous month slowed to 0.4%, which is the lowest figure since 2021.
These figures are provided by the Ministry of National Economy of Kazakhstan, reports Ritmeurasia.ru.
The implementation of a set of measures by the authorities to control and reduce inflation has had a positive impact on curbing inflation. Compared to last year, the trade balance is improving. In January-May, foreign trade turnover amounted to $55.3 billion. In its structure, the export of goods increased by 1.8% and amounted to $32.5 billion. Imports amounted to $22.8 billion, decreasing by 7.2%.
Kazakhstan's international reserves continue to grow. Since the beginning of the year, they have increased by $5.4 billion and exceeded $101.3 billion as of July 1.
CentralasianLIGHT.org
July 22, 2024