Kenya Inflation September 2016

Kenya

Kenya: Inflation stabilizes in September

In September, consumer prices rose 0.34% over the previous month, coming in above the 0.08% increase observed in August. September’s rise mainly reflected higher food prices along with price increases in several other categories.

Inflation stabilized at August’s 6.3% in September, slightly exceeding market expectations of a moderation to 6.2% and remaining within the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation remained at August’s 6.5%.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.2% in 2016, which is up 0.1 percentage points from last month’s forecast. In 2017, the panel also sees average inflation at 6.2%.


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Kenya Inflation Chart


Kenya Inflation September 2016

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Kenya National Bureau of Statistics (KNBS).


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