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Kazakhstan’s annual producer inflation accelerated to 6.4% in February 2026, up from 4% in January, reaching its highest level since November 2025. Price growth strengthened in manufacturing (17.8% vs. 14.5% in January), while prices rebounded in water supply, sanitation, waste collection, treatment, disposal, and pollution control activities (5.3% vs. -8.1%). At the same time, deflation in mining and quarrying moderated (-6.1% vs. -8.3%). In contrast, cost increases slowed in electricity, gas, steam, hot water, and air conditioning (13.6% vs. 17.7%). On a monthly basis, producer prices rose 2.7% in February, after a 0.5% increase in January.
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