FX.co ★ Kazakhstan Inflation Rate Hits 5-Month Low

In January 2026, Kazakhstan's annual inflation rate moderated to 12.2%, a slight decrease from December's 12.3%, reaching its lowest point since August. Notable reductions in price growth were observed in sectors such as housing and utilities, which saw a decrease to 0.8% from December's 1.2%, healthcare, which decreased to 0.9% from 1.5%, and alcoholic beverages and tobacco products, which declined to 0.1% from 0.2%. Meanwhile, costs for clothing and footwear remained consistent at 1%, as did prices for restaurants and hotels at 0.2%. Conversely, inflation surged in various sectors, with food and non-alcoholic beverages rising to 5.4% from 5.2%, transportation costs creeping up to 1.1% from 1%, and expenses for household items, appliances, and routine home maintenance increasing to 0.5% from 0.4%. Additionally, spending on recreation, culture, and hotels all experienced upward changes, with recreation and culture reaching 0.5% from 0.3%, and restaurants and hotels ticking up to 0.3% from 0.2%. On a monthly scale, consumer prices ascended by 1%, up from a 0.5% rise in the preceding month.