Kazakhstan Inflation Rate Hits 21-Month Low

2026-11-02 09:35 By Jereli Escobar 1 min. read

The annual inflation rate in Kazakhstan eased to 9.2% in October 2026 from 9.3% in September, marking its lowest level since January 2025.

The moderation was primarily driven by slower price growth in the food and non-food categories.

Food inflation eased to 7.6% from 8.5% in September, reflecting softer price increases for meat and poultry (8.6% vs. 10.2%) and sausages and meat products (11.2% vs. 13.2%).

Similarly, non-food inflation moderated to 10.4% from 11.0%, driven by slower price growth in petrol (8.6% vs. 10.1%) and personal goods (11.3% vs. 11.9%).

In contrast, inflation in paid services accelerated to 10.3% in October from 8.9% in the previous month, partly offsetting the overall moderation in consumer price growth, which was largely driven by higher housing and utility costs (11.2% vs 6.3%).

On a monthly basis, consumer prices edged down by 0.5% in October from 0.6% in September, marking the weakest monthly increase since October 2025.



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Kazakhstan Inflation Rate Hits 21-Month Low
The annual inflation rate in Kazakhstan eased to 9.2% in October 2026 from 9.3% in September, marking its lowest level since January 2025. The moderation was primarily driven by slower price growth in the food and non-food categories. Food inflation eased to 7.6% from 8.5% in September, reflecting softer price increases for meat and poultry (8.6% vs. 10.2%) and sausages and meat products (11.2% vs. 13.2%). Similarly, non-food inflation moderated to 10.4% from 11.0%, driven by slower price growth in petrol (8.6% vs. 10.1%) and personal goods (11.3% vs. 11.9%). In contrast, inflation in paid services accelerated to 10.3% in October from 8.9% in the previous month, partly offsetting the overall moderation in consumer price growth, which was largely driven by higher housing and utility costs (11.2% vs 6.3%). On a monthly basis, consumer prices edged down by 0.5% in October from 0.6% in September, marking the weakest monthly increase since October 2025.
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The annual inflation rate in Kazakhstan eased to 9.3% in September 2026 from 9.8% in August, marking the lowest reading since January 2025. Food inflation slowed to 8.5% from 9.5% in August, mainly due to softer price increases for meat and poultry (10.2% vs 12.9%), sausages and meat products (13.2% vs 14.3%), and oils and fats (8.6% vs 9.6%). Non-food inflation also eased to 11.0% from 11.4%, as a slower rise in petrol prices (10.1% vs 12.8%) more than offset faster price increases for clothing (10.6% vs 10.2%). Meanwhile, paid services inflation held steady at 8.9%, with housing and utilities inflation unchanged at 6.3%, while price increases slowed for housing maintenance and servicing (5.2% vs 5.6%) and picked up slightly for maintenance, repair and security of residential premises (13.3% vs 13.1%). On a monthly basis, consumer prices increased 0.6%, matching the pace seen in the previous two months.
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The annual inflation rate in Kazakhstan eased to 9.8% in August 2026 from 10.2% in the previous month, marking the lowest reading since February 2025. Food inflation slowed to 9.5% from 10.1% in July, particularly for meat and poultry (12.9% vs 15.8%), sausages and meat products (14.3% vs 15.9%), and oils and fats (9.6% vs 10.6%). Price growth also slowed for non-food products (11.4% vs 11.7%), with softer price increases in clothing (10.2% vs 10.7%) and petrol (12.8% vs 15.3%). Paid services inflation edged down to 8.9% from 9.2%, despite faster price growth for housing and utilities (6.3% vs 5.7%), housing maintenance and servicing (5.6% vs 5.0%), and maintenance, repair and security of residential premises (13.1% vs 12.5%). On a monthly basis, consumer prices increased 0.6%, unchanged from July and remaining the lowest reading since March.
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