Inflation hits historical record in past 14 years - Kazakh President

The  President noted that the extended meeting of the Government will discuss the preliminary results of the socio-economic development of the country for 2022 and the main tasks for the coming period, El.kz reports.

Kazakhstan’s economic growth has slowed down from 4.6% to 2.7% in 11 months of 2022.

«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,» President said.