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Inflation in Kazakhstan hits historical record in past 14 years

Finance Materials 12 December 2022 09:31
Astana, Kazakhstan KazInform
Inflation in Kazakhstan hits historical record in past 14 years

Kazakhstan’s economic growth has slowed down from 4.6% to 2.7% in 11 months of 2022. Head of State Kassym-Jomart Tokayev has said it at the Cabinet’s extended meeting in Astana today, Kazinform reports.

«Today we will discuss the preliminary results of the country’s socio-economic development in 2022 and will outline the main objectives for the oncoming period. In 11 months of this year, economic growth slowed down from 4.6% to 2.7%. Inflation has hit historical record in the past 14 years having reached 19.6%. Of course, this situation negatively impacts people’s lives and incomes,» said the President.

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