The National Statistics Bureau has published the producer price indices for June 2026. The latest data show that producer price growth in Kazakhstan is uneven: some industries and regions are getting more expensive several times faster than others. The difference between the leader and the laggard is almost 30 percentage points, and almost this entire gap is explained by whether raw materials for export or products for the domestic market are rising in price.
OIL AND METAL DRIVE INDUSTRIAL INFLATION
According to the National Statistics Bureau, oil has increased in price the most over the year, by 34.5%; because of it, the mining industry as a whole rose by 25.9%, almost twice as much as the manufacturing industry (11.8%). In the manufacturing sector, metallurgical production is rising the fastest - by 19.2% over the year, and the supply of electricity and heat by 12%. Because of these industries, the whole industrial sector rose by 17.2% over the year, although without the raw materials sector, growth would have been noticeably more modest. In the first half of 2026 compared to the same period in 2025, industry as a whole grew by 10.4%.
LIVESTOCK RISES FASTER THAN GRAIN
In agriculture, prices for livestock products rose by 27.3% over the year - almost four times more than for crop products (7.8%). Livestock and poultry live weight rose by 17.1%, raw milk by 8.1%. Eggs showed the sharpest jump - plus 24.6% over the year, but they became cheaper by 9.8% in June alone, indicating high volatility (how much and how often the price jumps in a short time) in this market.
WHOLESALE AND CONSTRUCTION GROW MORE SLOWLY
Wholesale sales of goods became more expensive by 13.8% over the year, and in the first half of the year by 8.1% compared to the same period last year. At the same time, potatoes on the domestic market became cheaper by 11.4% over the year, and fresh fruit and vegetables practically did not change in price - minus 0.3%. Such a drop in vegetable and fruit prices is typical for the summer months when the new harvest arrives on the market.
In construction, prices rose by 9.2% over the year, of which construction and installation work rose by 9.5%, and machinery and equipment by just 1.7%. This is the most moderate growth among all four sectors.
WHERE PRICES ARE RISING THE FASTEST
By region, the highest industrial price growth was recorded in Atyrau Region - 37% over the year, Mangystau Region - 29%, Kyzylorda Region - 22.8% and East Kazakhstan Region (EKR) - 21.9%. All four regions are connected with the extraction of oil, gas or metals, which, once again, confirms that raw material exports remain the main driver of producer inflation in the country.
In summary, all four reports from the Bureau paint a single picture. The closer an industry is to raw materials and exports (oil, metal, livestock), the faster producer prices rise, and the closer it is to the domestic market (vegetables, machinery and equipment), the more modest the growth, or it is absent altogether. The gap of 15-20 percentage points between Atyrau Region and the other regions is not a coincidence, but a direct consequence of this structure.
