Construction cost indicators in Kazakhstan show significant growth exceeding the level of overall inflation. According to the Bureau of National Statistics, in October 2026 the construction price index stood at 110.1% compared with October of last year. At the same time, annual inflation slowed to 9.2% at the end of October.
Construction price growth dynamics
An analysis of the data shows that the rise in construction prices is driven mainly by the rising cost of works rather than of construction materials themselves. On average, from January to October 2026, prices were 8% higher than a year earlier. Compared with December 2020, construction costs rose by 30.6%.
Structure of growth: works versus materials
The most significant increase was recorded in construction works and related costs. For example, other works and costs rose 15.9% over the year and 65.1% compared with December 2020. At the same time, construction materials purchased by construction organizations rose only 3.7% over the year and even fell slightly by 0.1% over the month.
Price changes for individual groups of goods
- Construction and installation works rose 10.5% over the year
- Among the main groups of construction materials, cement rose the most over the year, by 14%
- Paints, varnishes and mastics rose notably in price, by 12.3%
- Sheet glass showed growth of 10.3% over the year
- Petroleum products, including bitumen, rose 9.3%
- Gravel, sand and clay rose 8.7%
Overall, construction rose 0.2% over the month, amounting to growth of 10% since the start of the year.
Context
Data on construction price growth were provided by the Bureau of National Statistics.
