Azernews.Az

By Kamila Aliyeva

The prices of enterprises producing industrial products, as well as providing production services, in Kazakhstan increased by 2.6 percent in May 2018 compared to the previous month, and by 5 percent compared to December 2017, the Committee on Statistics of the Kazakh National Economy Ministry reported.

Since the beginning of the year, producer prices in the manufacturing industry have increased by 3.5 percent and in mining - by 6.3 percent.

The prices for industrial products went up by 4.9 percent and production services - by 6.4 percent.

During the reporting period, prices for diesel fuel went up by 12.1 percent, oil - by 7 percent, natural gas - by 3.8 percent, fuel oil and coal - by 2.2 percent, metal ores - by 1.2 percent, while prices for liquefied propane and butane fell by 3.5 percent and gasoline - by 0.8 percent.

The increase in prices was recorded for ferroalloys - by 15.9 percent, ferrous metals - by 7.6 percent, aluminum - by 4.3 percent, lead - by 4.1 percent, copper - by 1 percent, zinc - by 0.7 percent.

The inflation rate in Kazakhstan in May 2018 amounted to 0.2 percent compared with the previous month and 2.4 percent compared to December 2017.

In the past month, food prices rose by 0.1 percent, non-food products - by 0.4 percent, while paid services for the population increased by 0.2 percent. Since the beginning of the year, as of June 1 this year, prices for food products rose by 2.9 percent, for non-food products - by 2.1 percent, and paid services rose by 2.1 percent.

The National Bank of Kazakhstan forecasts a decrease in inflation in 2018 to 5-7 percent.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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