The annual inflation rate in Kazakhstan eased for the third month to 12.3% in December 2025, the lowest since August, compared to November’s 12.4%. Price-growth moderated a bit for non-food products (11.1% vs 11.2% in November) and services (12% vs 12.3%), but edged higher for food products (13.5% vs 13.4%). On a monthly basis, the CPI rose by 0.9% in December, after a 0.8% increase in the prior month.