Prices on several main food products in Kazakhstan continue to lower

Kazakhstan Materials 4 December 2021 20:51 (UTC +04:00)
Prices on several main food products in Kazakhstan continue to lower

BAKU, Azerbaijan, Dec. 4


Kazakhstan’s Prime Minister Askar Mamin held a meeting in the Digital Office of the Government with the participation of the heads of central state bodies and heads of the regions on the regulation of prices for socially significant food products, Trend reports citing Рrimeminister.kz.

Minister of Trade and Integration Bakhyt Sultanov, Minister of Agriculture Yerbol Karashukeyev, and Chairman of the Agency for Protection and Development of Competition Serik Zhumangarin informed about the current situation and the work underway.

The general index of growth in prices for socially significant food products in Kazakhstan over the past week amounted to zero percent.

According to the information, due to the measures taken, the rate of growth of food inflation in annual terms was reduced by 0.4 percentage points to 0.9 percent, and overall inflation - by 0.2 percentage points to 8.7 percent in November this year.

In 15 regions, price increases weren’t recorded, in two regions - Pavlodar and Mangistau, prices decreased by 0.1 percent, and in the city of Nur-Sultan - by 0.2 percent. The prices for buckwheet decreased by 0.6 percent, sugar, carrot, poultry and rice – by 0.1 percent for the fifth week in a row, and prices for other products remained stable.

The target financing level of the "reverse scheme" in the country was accomplished by 99.4 percent. The set targets on the "reverse scheme" were fully implemented in the cities of Nur-Sultan, Almaty and Shymkent, Almaty, East Kazakhstan, Zhambyl, West Kazakhstan, Kostanay, Pavlodar, North Kazakhstan and Turkestan regions.

A low implementation level of work remains in the Kyzylorda and Mangistau regions. Over the past week, the Agency for the Protection and Development of Competition sent six notifications of signs of price collusion and abuse of a dominant position to the subjects of the short ribboned pasta tubes, flour and poultry market in Kostanay and Almaty regions.

As many as 23 acts of antimonopoly compliance on reducing the trade markup from 15 percent to 10 percent were concluded with manufacturers, wholesale suppliers and retail chains in Mangistau, Atyrau and East Kazakhstan regions. Totally, 183 acts of antimonopoly compliance were concluded.

The prime minister instructed the central state and local executive bodies to continue work to stabilize and reduce prices for socially significant food products using all necessary instruments. The regional authorities were instructed to boost work on forming a five-month food stock in the stabilization funds, establishing ceiling prices for food products, as well as activities of regional commissions to investigate intermediary schemes.