National Bank of Kazakhstan expects inflation to rise to 20-21% by end of year


Inflation in Kazakhstan has accelerated due to the realisation of the geopolitical shock. Annual inflation reached 19.6% in November this year. Chairman of the National Bank Galymzhan Pirmatov spoke about this at an expanded government meeting.

“The biggest contributor is still the rise in food prices, which accelerated to 24.1%. Non-food...