ASTANA, Kazakhstan, February 10. The Government
of Kazakhstan must find a way to tackle inflation without hindering
the country's development, President Kassym-Jomart Tokayev stated
at a Government meeting, Trend reports via the press service of the Kazakh
President.
“The causes of the high inflation are well understood. The
challenge now is to address this issue without undermining the
country’s development,” stated President Tokayev. He acknowledged
that while there are differing opinions on the matter, it is
essential to find a solution. “I am instructing the Government and
the National Bank to collaboratively devise a detailed,
step-by-step action plan, with the active involvement of all
ministries and the expert community,” he emphasized.
The president underscored the urgency of rectifying the current
situation, stressing the need for tangible measures to reduce
inflation over the next three years. He further highlighted the
importance of ensuring the successful implementation of the Joint
Action Program.
“Any attempt to delay this matter through endless discussions or
the creation of unnecessary ‘road maps’ will be considered an
evasion of responsibility,” Tokayev warned. “In such cases,
stringent measures will be enforced. Only concrete outcomes that
lead to an increase in the real income of the population will be
deemed successful,” he concluded.
According to the Bureau of National Statistics, inflation in
Kazakhstan for January 2026 was 12.2%, slightly down from 12.3% in
December 2025. The monthly increase was 1%, up from 0.9% the
previous month.
