economic<\/strong><\/a> risk analyst, who highlighted the mass protests taking place in Kazakhstan over fuel. Skyrocketed. \u201cIn particular, many countries are facing the challenge of increasing food and fuel prices as this also corresponds to supply chain constraints and many other issues,\u201d said Rachel Ziemba, founder of Ziemba Insights, a research firm, said. \u201cThe challenge is that some emerging markets have already struggled to thrive even before and during the pandemic you’re seeing fiscal tightening and monetary tightening at the same time,\u201d she said. As a result, countries in the region are struggling to distribute their wealth, Ziemba noted. This is especially true for a major energy producer like Kazakhstan. \u201cEven for a country like Kazakhstan, which is an exporter of goods\u2026 they really struggle to distribute some of that income,\u201d explains Ziemba.
\nThe unrest began after the Kazakh government announced plans to lift price limits on liquefied petroleum gas, which is used as a regular fuel for cars in the Central Asian country. This decision has caused LPG prices to double.<\/p>\nWhile the government has reinstated price caps in an attempt to appease the public, the protests have continued and now take on a more political tone. Ziemba points out that Kazakhstan is one of many oil-producing countries that until recently were reluctant to pass on higher oil prices to their people. But “the way they do it is very awkward,” she said, adding that the government had not really responded to some of the other economic grievances.<\/p>\n
\u201cBut it’s really not just food and fuel prices. These are also other grievances and real challenges associated with a thriving economy at a time when parts of government and the elite are doing very well,\u201d she noted.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analyst says inflation increases problems in emerging markets like Kazakhstan Rising food and fuel prices pose serious challenges for emerging countries, according to an economic risk analyst, who highlighted the mass protests taking place in Kazakhstan over fuel. Skyrocketed. \u201cIn particular, many countries are facing the challenge of increasing food and fuel prices as this<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[67,146,56,94,187,164,263,201],"yoast_head":"\r\nAnalyst says inflation increases problems in emerging markets<\/title>\r\n<meta name=\"description\" content=\"Rising food and fuel prices pose serious challenges for emerging countries, according to an economic risk analyst, who highlighted the mass protests taking place in Kazakhstan.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/MU\/analyst-says-inflation-increases-problems-in-emerging-markets-like-kazakhstan\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Analyst says 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