National Bank of Kazakhstan: Food prices rose by 7%

According to the Agency for Statistics, in July 2014 the inflation level amounted to 0.1%, which is 6.9% in an annualized basis, the press office of the National Bank of Kazakhstan informs.

At the same time, food prices fell by 0.2%. Manufactured goods' price rose by 0.3%, tariffs for paid services increased by 0.3%. 

Foodstuffs which prices increased include eggs - 4.2%, rice - 3.8%, sugar - 2.6%, flour - 2.2%, tea - 1.7%, meat and meat products - 0.9%, confectionery products - 0.8%, bread and pasta - 0.7%, fish and seafood - 0.4%. Foodstuffs which prices decreased include buckwheat - 0.1%, fruits and vegetables - cabbage 24.6%, potatoes - 19.9%, beet - 1.9%. 

In January-July of the current year inflation was 4.9%. Groceries' prices from the beginning of the year rose by 5.4%. In July of 2014 the annual inflation level was 6.9%. Prices for food products in the past 12 months rose by 7.0%, non-food - by 7.1%, paid services - by 6.6%.