Economists blame EXPO for the rapid rise in price of products in Astana

18 May

The prices for food products have risen sharply in Astana. This is reported by the "KTK" TV channel with refer to analysts portal

"The fact that everything in the capital is, if not more expensive, certainly not cheaper than in other cities has long been known to everyone while statistics data bring fairly tangible numbers which have developed over the year. The prices for food in Astana grew by more than 13 percent and this is the highest figure in the country, although not only food went up, of course, the cost of basic goods grew by more than 9 percent and non-food products - by 12 percent", - the TV channel reported.

Only the cost of services have increased slightly – by 2.2% only. As the main reasons, economists referred to the growth of the population of the capital of Kazakhstan and holding the world specialized exhibition EXPO 2017 in Astana.

"Everyone expects that there will be a large flow of visitors to the city in summer. That is why entrepreneurs want to make profit, take advantage of this moment and thus have already adjusted their pricing policy", - explained Yerzhan Amirbekuly, Doctor of Economics.

The channel notes that such a sharp increase in prices is observed only in Astana while the overall picture looks calm in all other regions of the country.

"The inflation rate, according to economists, has slowed, for example, for the second consecutive month the mark stably holds at half a percent. As a result, prices for non-food products and services increased by 7.7 percent compared to last year. The highest growth is observed in food products that is 9 and a half percent while services have grown in price by 5 percent. It should be noted that the slowest price growth is observed in Mangistau region", - the authors of the material summarize.

Let us remind that during a meeting on the holding of EXPO 2017 held on April 21 in Akorda akim of Astana Aset Isekeshev said about the risk of shortage and rise in price of food products in the capital of Kazakhstan during the world specialized exhibition.

Later it became known that Astana will hold agricultural fairs in order to provide food during the EXPO. They will be held in the parking areas of the sports center "Kazakhstan" and the transport and logistics center "Alay". In mid-May, the agency KazTAG, citing its own sources, reported that the city of Ridder located in the East Kazakhstan region refuses to participate in these fairs.

It should be noted that at the end of March the Minister of National Economy of the Republic of Kazakhstan Timur Suleimenov stated that the holding of the international specialized exhibition Astana EXPO 2017 will not in any way affect the prices of food products.

As for the rise in prices for services, in early April, the price policy of Astana hotels was severely criticized by officials from the Ministry of Culture and Sports of the Republic of Kazakhstan.

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