Kazakhstan continues to pursue a course of reducing inflation and strengthening its domestic economy, despite global instability and the risk of rising prices in 2026. This was reported by Qazaqyia.kz citing Kursiv Media.

According to forecasts by the International Monetary Fund (IMF), global inflationary pressure could intensify again due to geopolitical factors. Inflation remains high in various countries: over 500% in Venezuela, over 30% in Argentina, and around 32% in Turkey. Against this backdrop, Kazakhstan shows more stable dynamics: the inflation forecast has been lowered to 9–11% from the previous 9.5–11.5%.

Experts believe this could mark the beginning of a sustained slowdown in price growth. Inflation could further decline to 6–8% in 2027 and approach the target level of about 5% by 2028.

According to the Bureau of National Statistics, the country's economy grew by 3.7% in the first five months of 2026. The main contributions came from manufacturing (+9%), construction (+13.4%), and transport services (+8.4%).

Investments also show robust growth: total investment volume increased by 7%, while private investments rose by 17.4%. Funds are actively directed into energy, IT and communications, agriculture, industry, and transport.

Economists note that the inflow of investments strengthens the tenge, expands domestic production, and reduces dependence on imports, which ultimately helps curb inflation.

Manufacturing remains one of the key drivers of the economy, with sector growth of 9%.

Development is supported by the launch of new enterprises. In 2025 alone, 190 industrial projects worth 1.5 trillion tenge were implemented. In 2026, about 180 more projects worth 1.7 trillion tenge are planned, which will create around 19,000 jobs. Already, 50 projects worth 165.5 billion tenge have been launched.

Agriculture is also showing growth: in January–April 2026, output increased by 3.6% to reach 1,251.2 billion tenge. Livestock farming grew by 3.5%, and crop production by 7.6%.

Investments in the agricultural sector rose by 70.6%, and in food production more than tripled. The preferential equipment leasing program provided a significant boost: 300 billion tenge was allocated for it in 2026, and the share of domestic agricultural machinery in purchases increased from 70% to 95%.

To curb price increases, agricultural fairs are regularly held in the regions, where products are sold at 15–20% below market prices directly from producers.

At the same time, control over trade margins is being strengthened, direct supplies from farmers are being developed, and production of key food categories—from poultry to sugar and apples—is being supported.

The domestic market's self-sufficiency in basic food products reaches 80–100%.

Overall, Kazakhstan is gradually moving away from dependence on external conditions. The growth of domestic production, the launch of new plants, and the strengthening of the agro-industrial complex are forming a more sustainable economic model, where domestic production and internal demand play a key role.