The three components all sit near the headline figure. Non-food goods rose 11.0% over the year, paid services 8.9% and food 8.5%, by the bureau’s September print as Zakon.kz carried it on 1 October. Monthly inflation of 0.6% matched August’s.
Food did the slowing. Onions were 20.7% cheaper than a year earlier, lemons 13.9%, carrots 13.6% and potatoes 13.4%. Among durables, cars were 11.3% cheaper, electric heaters 9.1% and air conditioners 8.7%.
The three components all sit near the headline figure.
The tenge print for the week is 447.73 to the dollar, the National Bank’s official rate for 5 October, with the euro at 502.98 and the rouble at 5.35. Kazakhstan’s 2026 budget law was written at 540 tenge to the dollar, the 2027 draft at 480.
At 16.25%, the base rate waits on the National Bank’s next decision on 23 October, the first after a September print below 10%.
The October print is due in early November, after the bank’s decision, and will be the first to show whether a fifth month of slowing follows the fourth.
