Kazakhstan Government to try maintain inflation at 6-8 percent
Kazakhstan Minister of Economic Development and Trade Kairat Kelimbetov presented state 2012-2014 budget to the Majilis.
H1 2011 Kazakhstan inflation rate lower than CIS average
Inflation rate in Kazakhstan in the H1 2011 stood at 5.1%, lower than the CIS average (6.4%), the CIS Interstate Committee for Statistics reports.
Inflation since the start of the year reaches 5.1%: Minister for Economic Development and Trade
According to him, prices for foodstuffs in June were 8% up against December 2010.
Salary raise for public sector employees may affect inflation: Kazakhstan’s National Bank Governor Gregory Marchenko
Salaries of public sector employees have been raised by 30% since July 1.
Inflation demolishes pension savings in Kazakhstan
Profitability of pension funds does not exceed inflation rate: Maira Kichigina, Deputy Chairman of Narodny Bank Kazakhstan Pension Fund.
Inflation rate in May stands at 0.5%
In May 2010 the figure stood at 0.6%, the State Agency for Statistics reported June 1.
Kazakhstan seeking to stabilize food prices
We cannot and should not deny changes of global prices: such an attempt would undermine local production: Agriculture Minister Asylzhan Mamytbekov.
Economy Minister regards year 2011 as “dangerous” in terms of inflation
He reminded that in January – April consumer prices grew 4.2% as compared to December 2010.
Q1 2011 inflation rate in Kazakhstan lowest in the CIS
According to the Committee, the average inflation rate across the CIS stood at 9.5%, with the Kazakhstan’s rate standing at 8.5%.
Kazakhstan developing a program to stabilize food prices
However, given the openness of the economy, prices cannot be bridled forcibly: Assylzhan Mamytbekov, Agriculture Minister.