Inflation in Kenya
Kenya - Inflation
Inflation falls to lowest level since June in October
Consumer prices rose a seasonally-adjusted 0.51% in October over the previous month, accelerating from the 0.32% increase seen in September. October's figure marked the highest reading since April. The pick-up was primarily due to rising prices for food and non-alcoholic beverages.
Inflation dropped to 6.5% in October below September’s 6.9%. October's result marked the lowest inflation rate since June. Meanwhile, annual average inflation remained at September’s 6.4% in October.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.6% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 5.6%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.6||6.3||8.0||4.7||5.1|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.20||0.0 %||Dec 31|
|Exchange Rate||101.4||0.05 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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November 10, 2021
According to a recent release by Kenya’s Statistical Institute, GDP growth jumped to 10.1% in annual terms in the second quarter, accelerating from the prior quarter’s 0.8% expansion.
November 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) rose to 51.4 in October, up from 50.4 in September.
October 30, 2021
Consumer prices rose a seasonally-adjusted 0.51% in October over the previous month, accelerating from the 0.32% increase seen in September.
October 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI) fell to 50.4 in September from August's 51.1.
September 30, 2021
Consumer prices rose a seasonally-adjusted 0.32% in September over the previous month, accelerating from August's 0.23% rise.