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18:53
KAZAKHSTAN’S INFLATION AT 0.3% IN JULY, 4.1% SINCE YEAR’S START

Almaty, August 3 (Interfax) - Inflation in Kazakhstan for July 2009 came to 0.3% and 4.1% in January-July of this year, the State Statistics Agency said.

Prices for foodstuffs in July slipped by 0.2% (down by 3.3% since the start of the year), paid services to the population - 0.8% (4.1%) and non-foodstuffs - up 0.4% (5.4%).

Inflation for the year (from July 2008 to July 2009) came to 6.9% with food prices up by 5.2%, non-foodstuffs - 6.1% and paid services - 10.3%.

Average annual inflation (January-July 2009 to January-July 2008) came to 8.3%. Prices for foodstuffs increased by 7.7% year-on-year, non-foodstuffs - 6.4% and services 11.2%.

Average annual inflation in Kazakhstan for 2008 (January-December 2008 to January-December 2007) came to 17% and 9.9% (December 2008 to December 2007) in annual terms. The Economic Ministry has forecast Kazakh inflation for 2009 at 11% while the National Bank of Kazakhstan revised its 2009 inflation forecast in June, lowering it from 11% to 9%.
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