Kazakhstan Producer Inflation Picks Up in September

Producer price inflation in Kazakhstan accelerated to 6.4% in September 2026, up from 5.6% in August. Price growth surged in the supply of electricity, gas, steam, hot water, and air conditioning, reaching 21.9% from 12% in the previous month. Inflation also picked up in mining and quarrying, rising to 5.7% from 5.1%. In contrast, producer price inflation eased in manufacturing (5% vs. 5.5%) and in water supply, sewerage, waste collection and treatment, and remediation activities (8% vs. 8.7%). From the previous month, producer prices rose by 1%, slowing from a 1.2% increase in August.

Producer price inflation in Kazakhstan slowed to 5.6% in August 2026, the lowest in seven months, compared to 9.1% in July. A slowdown was seen in cost for mining and quarrying (5.1% vs 10.9%) and manufacturing (5.5% vs 7.8%) while inflation accelerated slightly to electricity, gas, steam, hot water and air conditioning (12% vs 11.8%) and water supply and waste collection (8.7% vs 7.9%). Compared to the previous month, the PPI decreased 1.2%.

Producer prices in Kazakhstan rose by 9.1% year-on-year in July 2026, easing sharply from a 17.2% jump in the previous month. This marked the lowest growth in four months, as inflation slowed in manufacturing (7.8% vs 11.8% in June), weighed down by slower price growth in food production (5.7% vs 6.6%), beverages (6.4% vs 6.9%), paper and paper products (2.2% vs 3.0%), and chemical and chemical products (9.0% vs 11.9%). At the same time, costs rose at a softer pace in mining and quarrying (10.9% vs 25.9%) and electricity, gas, steam, hot water, and air-conditioning (11.8% vs 12.0%). In contrast, prices increased faster in water supply, sewerage, waste collection, treatment, disposal, and remediation activities (7.9% vs 7.5%). On a monthly basis, producer prices fell by 4.9% in July, reversing a 0.5% gain in the preceding period.