Kazakhstan inflation eases to 9.3% in September, lowest since January 2025

  • Kazakhstan's annual inflation eased to 9.3% in September from 9.8% in August.
  • Food inflation slowed to 8.5%, while non-food inflation declined to 11.0%.
  • Consumer prices rose 0.6% month-on-month for the third consecutive month.

Kazakhstan's annual inflation rate eased to 9.3% in September 2026 from 9.8% in August, its lowest reading since January 2025. Food inflation slowed to 8.5% from 9.5%, led by softer price increases for meat and poultry, sausages and meat products, and oils and fats. Non-food inflation declined to 11.0% from 11.4% as petrol-price growth moderated, more than offsetting faster clothing inflation. Paid services inflation remained at 8.9%, with housing and utilities unchanged at 6.3%. Consumer prices rose 0.6% month-on-month, matching the pace recorded in each of the previous two months.

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