Kazakhstan Inflation Falls to Over a Year Low

The annual inflation rate in Kazakhstan edged down to 10.3% in June 2026 from 10.4% in May, marking the lowest level since March 2025. Food inflation eased further to 10.4%, the lowest since May 2025, from 10.7% in the previous month, mainly due to slower price increases for meat and poultry (17.6% vs 18.0% in May), sausages and meat products (16.3% vs 16.9%), and oils and fats (10.7% vs 11.6%). Meanwhile, non-food inflation remained unchanged at 11.7%, as faster price growth for clothing (10.6% vs 10.2%) and footwear (11.4% vs 11.1%) was offset by a softer increase in petrol prices (15.6% vs 16.0%). At the same time, inflation for paid services picked up to 9.0% from 8.7%, driven by higher rental costs (13.9% vs 13.3%), although price growth for housing and utilities eased (5.1% vs 5.6%). On a monthly basis, consumer prices rose 0.8% in June, following a 0.7% increase in May.

The annual inflation rate in Kazakhstan eased to 10.4% in May 2026, the lowest level since March 2025, down from 10.6% in April. Price growth slowed for food products (10.7% vs 11.3% in April), driven by softer increases in cereals (6.4% vs 7.2%), bread and bakery products (8.2% vs 9.0%), and meat and poultry (18.0% vs 18.4%). Meanwhile, non-food products inflation stood at 11.7%, unchanged from April. Within non-food products, prices rose at a softer pace for paid services (8.7% vs 8.9%) and gasoline (16.0% vs 16.1%), while inflation picked up for housing maintenance and services (6.2% vs 5.6%). On a monthly basis, consumer prices rose 0.7%, easing slightly from a 0.8% increase in April.

The annual inflation rate in Kazakhstan slowed to 10.6% in April 2026 from 11% in the previous month, marking its lowest reading since March 2025. The main downward pressure came from food and non-alcoholic beverages (4.5% vs 4.7% in March), while inflation remained unchanged for housing and utilities (0.6%), transport (1%), alcoholic beverages and tobacco (0.2%), household items (0.5%), communication (0.3%), education (0.2%), restaurants and hotels (0.2%), and miscellaneous goods and services (1%). In contrast, costs increased at a faster pace for clothing and footwear (0.9% vs 0.1%). On a monthly basis, consumer prices edged up to 0.8% from 0.6% in March.