National bank of Kazakhstan describes inflation in the republic in May 2008

/IRBIS, June 10, 08/ - The National Bank of the Republic of Kazakhstan in its press-release on the state of the financial market of the republic cited the information about inflation in Kazakhstan in May 2008. Quotation start By the official data of the Statistics agency of the Republic of Kazakhstan, inflation in May 2008 totaled 1.0% (in May 2007 - 0.7%). Prices for provisions increased by 1.4 %( by 0.8%), non-food goods - by 0.6 %( by 0.6%), payable services - by 0.9 %( by 0.5%). Among food in May 2008 the greatest growth in price was experienced by grain and bread products - by 2.7%, including rice - 9.4%, wheat flour - by 3.1%. Besides, vegetable oil - 4.1%, meat products - 2.0%, sugar - by 1.4%. In the group of non-food goods there was increase of prices for cleansers - 2.2%, fuel - by 1.8%, medicines - 0.7%. In the structure of payable services for population the prices and rates increased for railway and passenger transport services - by 2.2%, medical services - by 1.1%. Housing and utilities services became more expensive - by 0.5%, including collecting of waste service - by 12.4%, habitation maintain service - by 2.0%. For January-May of 2008 inflation made 4.5% (in corresponding period of 2007 - 3.8%). Rise in prices on food staff, which became expensive in this period by 6.2% (4.8%) furthers for keeping inflation, mostly because of the rise in prices on fruits and vegetables - by 15.6%, rice - by 12.0%, wheat flour - by 10.4%, milk products - by 6.2%. Nonfoods had grown by 3.0% (by 2.1%), payable service became more expensive - by 3.3% (by 4.0%). In May 2008 annual inflation made 19.5% (in December 2007 - 18.8%). Food staffs had grown in prices by 28.3% (26.6%), non-food staffs - by 11.6%, payable services - by 14.6% (15.4%). Quotation end [2008-06-10]