Measures to curb inflation and promote the country’s
socio-economic development in the coming years were discussed today at a
meeting of the Council on Economic Policy, chaired by the Kazakh Prime
Minister. To contain price growth, the government and the National Bank have
developed a comprehensive set of measures. The primary focus is on increasing
domestic production, ensuring predictability in tariff policy, and stabilizing
prices for essential goods. State support is primarily directed toward local producers
who supply the domestic market. A key element of price regulation is the
control of trade markups. According to the Ministry of Trade and Integration,
Kazakhstan continues to maintain competitive prices on socially important
products. To support this, memorandums have been signed with industry unions,
and contracts have been concluded for the import of agricultural products
during the off-season. Over the past five months, the volume of agricultural
goods in the country has increased by 4%, while food production has grown by
more than 10%.
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