BAKU, Azerbaijan, August 4. Annual inflation in Kazakhstan slowed to 10.2% in July 2026, while monthly price growth stood at 0.6%, according to the Ministry of Economy.
The July monthly increase was lower than the figures recorded in the same month of the previous two years, when prices rose by 0.7% in both July 2025 and July 2024.
The government said the slowdown in inflation was supported by measures implemented jointly with the National Bank of Kazakhstan and the Agency for Regulation and Development of the Financial Market aimed at containing price growth, maintaining macroeconomic stability and improving household welfare.
Food prices remained the main factor contributing to the moderation of inflation. Annual food inflation slowed to 10.1% in July, while prices for socially significant food products increased by only 2.4%, which is 7 percentage points lower than a year earlier, when the growth rate stood at 9.4%.
According to the authorities, the result was supported by measures including expanding the list of socially significant food products. "This result was achieved through a set of measures, including expanding the list of socially significant food products from 19 to 31 types, constantly monitoring compliance with the maximum 15% trade markup, identifying and reducing unproductive intermediaries, saturating the domestic market with domestic products and ensuring the availability of food products," the ministry noted.
At the same time, the overall slowdown in inflation continued despite the impact of factors related to the gradual liberalization of the fuel market and the end of the moratorium on increases in regulated utility tariffs.
These factors continued to put pressure mainly on non-food prices, with annual growth in this category reaching 11.7% in July.
