ASTANA, Kazakhstan, November 2. The Ministry of National Economy of Kazakhstan predicts a decrease in inflation to 6-8 percent in 2024 and 5.5-7.5 in 2025, Trend reports, citing the Ministry's forecast on the socio-economic development of the country for 2024-2028.
At the same time, according to the ministry’s forecasts, in 2026-2028 inflation will be at the level of 5 percent.
In addition, republican budget revenues in 2024 are projected at 16.1 trillion tenge (about $34.4 billion) or 11.9 percent of GDP. By 2026, growth is expected to 14.1 percent or 18.4 trillion tenge (about $39.3 billion).
Inflation in the Republic of Kazakhstan slowed down over the year and amounted to 10.8 percent in October 2023 (in September - 11.8 percent), over the month - 0.7 percent (previous month - 0.6 percent).
According to the country's Bureau of National Statistics, prices for food products over the year increased by 10.4 percent (in September 2023 - 11.4 percent), for non-food products - by 11.1 percent (in September 2023 - 12.1 percent), for paid services - by 11 percent (in September 2023 – 11.9 percent).