Kazakhstan observes decline in inflation

Kazakhstan is experiencing an inflation decline for the fifth month in a row. The growth rate slowed down by nearly two percent over the June-July period. Overall, the annual inflation rate remained at 14 percent by the end of July, according to the Bureau of National Statistics. The main reason for its decline was the change in prices for food products, namely sugar, buckwheat, sunflower oil, beetroot, carrots, and potatoes, which have significantly decreased over the past month. However, it is still impossible to stop inflation despite such a positive trend, analysts note. Also, the price of non-food products and services in the country increased by 13-15 percent. It bears noting that the highest annual inflation rate was recorded in Astana city and the Ulytau and North Kazakhstan regions and the lowest one in Almaty city.