Kazakhstan inflation slows to 8.4% in June 2026

July 1, 2026 at 12:08 AM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakhstan's annual inflation rate fell to 8.4% in June 2026, down from 8.7% in May, according to data published by Baq.kz. The deceleration was driven by a slowdown in food price growth, which eased to 6.2% year-on-year.

Price Trends by Category

Food prices rose 6.2% year-on-year in June, down from 6.5% in May, with notable declines in vegetables (down 12.3%) and eggs (down 8.1%). Non-food inflation remained stable at 7.8%, while services inflation edged up to 12.1% from 11.9%, according to Kapital.kz.

Regional and Core Inflation

Core inflation, which excludes volatile food and energy prices, stood at 7.9% in June, unchanged from the previous month. Regional data showed the highest inflation in Almaty at 9.2% and the lowest in Atyrau at 7.1%.

Inflation Decline Continues

Kazakhstan's annual inflation rate stood at 14% by the end of July, according to the Bureau of National Statistics. The growth rate slowed by nearly two percent over the June-July period, marking the fifth consecutive month of decline.

Vegetable Price Surge and Income Decline

Despite headline inflation slowing to 10.3% year-on-year in June, carrots have risen 61% and potatoes 49% since the start of the year. Real household incomes continue to fall, according to the managing director of the Center for Applied Research.