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Kazakhstan’s Price Growth Seen at 7% This Year, Kelimbetov Says

Kazakhstan’s inflation will end the year at “no more than” 7 percent, Deputy Prime Minister Kairat Kelimbetov said.

Consumer-price growth will reach between 6 percent and 7 percent this year, Kelimbetov said today in the capital, Astana. That compares with 7.4 percent at the end of last year.

The Central Asian country’s economy will expand about 7 percent this year, Kelimbetov said, adding that the government expects gross domestic product to rise an average 7 percent a year until 2015.

To contact the reporter on this story: Svetlana Antoncheva in Astana, Kazakhstan at santoncheva1@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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