BAKU, Azerbaijan, July 3. Analysts of Dutch ING (Internationale Nederlanden Groep) have forecasted the average inflation in Kazakhstan to make up 15 percent in 2023, Trend reports.
According to the ING forecast, the average annual inflation in the country in 2024 will be 8.6 percent (compared to previous forecast of 7.7 percent).
Besides, for 2025, the company forecasted an average annual inflation of 6.7 percent.
The annual inflation in Kazakhstan in 2022 amounted to 20.3 percent. Prices for food products increased by 25.3 percent, non-food products - by 19.4 percent, and paid services - by 14.1 percent.
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services.