In Kazakhstan, annual inflation slowed to 9.3% at the end of September. This was stated by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
Inflation slowdown
In August, the figure was 9.8%. According to the vice-premier, the slowdown in inflation was significantly influenced by a decrease in the growth rate of food prices. In September, food prices decreased by 0.1% month-on-month.
Real incomes of the population
"Containing inflation is one of the government's directions in increasing the real incomes of the population. Against the backdrop of slowing inflation, in the second quarter of this year, the growth of real monetary incomes of the population increased from 0.1% in the first quarter to 0.7%," Zhumangarin said at today's government meeting.
Economic situation
It is worth noting that earlier it was reported that Kazakhstan's economy is growing despite negative factors.