BAKU, Azerbaijan, Sept.7
Trend:
The monthly inflation rate grew by 0.5 percent in August this year in Kazakhstan, Minister of National Economy Asset Irgaliyev said at the government’s meeting, Trend reports citing the press office of the government.
"The global pandemic has become an unprecedented macroeconomic shock, putting pressure on inflationary processes around the world,” Irgaliyev noted. “Influenced by such trends as a gap in supply chains, structural changes in demand, expansionary monetary and fiscal programs to support the economy and others, at present, inflation is growing all over the world”.
“As a result, international financial organizations predict an acceleration of inflation worldwide to 3.9 percent in 2021," he added.
"Under the impact of seasonal factors and the effect of deferred demand, the contribution of the growth in prices for paid services and non-food products increased. So, the prices for paid services grew by 0.8 percent, for non-food products - 0.6 percent, and for food products - by 0.1 percent,” concluded the minister.