ASTANA, Kazakhstan, June 4. The International Monetary Fund (IMF) projects a decrease in inflation in Kazakhstan until the end of 2024, Trend reports.
"Inflation at the end of the year is expected to be close to 8 percent," reads the statement of Nicolas Blancher, IMF Mission Chief for Kazakhstan, following the visit of the IMF mission to Kazakhstan.
According to the statement, Kazakhstan's inflation rate fell to 8.7 percent in April 2024, owing to decreasing international food prices and careful monetary policies.
Furthermore, inflation in Kazakhstan slowed down over the year and amounted to 9.8 percent in December 2023 (in November, 10.3 percent).
Prices for food products over the year increased by 8.5 percent (in November 2023, 9.2 percent), for non-food products, by 9.1 percent (in November 2023, 9.9 percent), and for paid services, by 12.4 percent (in November 2023, 12 percent).
In monthly terms, inflation decreased slightly and amounted to 0.8 percent (previous month: 1 percent).
