Inflation slowdown observed in Kazakhstan
11:26, 9 September 2016
ASTANA. KAZINFORM Kazakhstan observes gradual inflation slowdown processes now, according to Kuandyk Bishimbayev, Minister of National Economy.
“Annual inflation reached its maximum in July and made 17.7% and then started to decrease. Monthly inflation slowed down in August to 0.2%. Since the year beginning, inflation made 5.4%,” the Minister said at the Government’s extended meeting on Friday.
According to him, due to the anti-crisis measures and economic stimulation programs, over 170,000 job places have been created and preserved. 114,000 of them are permanent job positions (>65.0%). "All of this helped prevent unemployment growth. Presently, unemployment rate in Kazakhstan is kept at 5%m," he noted.