Crucial to keep inflation at single-digit rate - Kazakh Economy Minister
11:38, 10 May 2011
ASTANA. May 10. KAZINFORM /Serik Sabekov/ To remain in the planned parameters and do not exceed single-digit inflation at the end of the year, it is needed to focus on prices in the food market and market of petroleum products. Kazakh Minister of Economic Development and Trade Kairat Kelimbetov said it at the Government's sitting on Tuesday.
"Ministry of Agriculture together with akims of the region and Almaty and Astana cities should prevent increase in food prices more than 10 percent until the end of this year," Kelimbetov suggested.
According to him, the Ministry of Oil and Gas and Ministry of Industry and New Technologies should ensure control over the prices for oil products, coal and prevent their further increase till yearend.
This year looks particularly dangerous in terms of acceleration of inflation. In January-April 2011 prices for consumer goods and services grew by 4.2% as compared to December 2010. The annual inflation rate from April 2010 till April 2011 amounted to 8.4%.