Prime Minister Olzhas Bektenov revealed which sectors saw income growth. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
Last year, inflation in Kazakhstan rose sharply. As a result, real incomes of the population decreased. However, when analyzing each sector, incomes grew in several areas. For example, in agriculture, real income increased by 9.3 percent. Similarly, in trade, communications, water supply, and energy, the average increase was 4 percent, while in transport it ranged from 5 to 10 percent depending on the direction, Bektenov said at a joint session of the parliament chambers.
This year, the government will make efforts to increase real incomes in all sectors. There are joint plans in place. The head of government also said when high prices will subside. Currently, inflation has decreased by 2 percent. Last year we faced high inflationary pressure, reaching 12.9 percent in September. Today, thanks to measures taken, it has dropped to 10.4 percent. According to our calculations, inflation will soon fall below 10 percent, Bektenov said at the joint session.
It is worth noting that the National Bank recently decided to lower the base rate. The main reason is the slowdown in inflation.