The annual inflation rate in Kazakhstan held steady at 11.8% in July 2025, unchanged from June and remaining at the highest level since September 2023. Price growth accelerated in food products (11.2% vs. 10.6%) and non-food products (9.5% vs. 9.4%), while prices rose at a slower pace in paid services (14.9% vs. 16.1%). On a monthly basis, consumer prices rose 0.7%, the slowest pace since July 2024, easing from a 0.8% gain in June.