Kazakh PM Mamin tasks to take measures as inflation surges
NUR-SULTAN. KAZINFORM – Prime Minister of Kazakhstan Askar Mamin has announced instructions to reduce inflation in the country, Kazinform correspondent reports.
At a government session, the Kazakh PM pointed out that inflation accelerated in July of 2021, mostly driven by rising prices for food products, which rose by 11% compared with July 2020.
The National Economy and interested government bodies were instructed to take and implement anti-inflation response measures before the end of August as well as a new package of measures to contain prices for socially significant food.
Inflation hit 7.9% in June and 8.4% in July - the highest level since 2017 - in Kazakhstan. It continues accelerating in the country due to food market imbalances, increased global commodity prices, and high inflation in the main trade partners, especially Russia.