Kenya Inflation March 2017

Kenya

Kenya: Inflation accelerates in March to over four-year high

April 20, 2017

In March, consumer prices grew 1.67% compared the previous month, coming in below the 1.72% increase observed in February. March’s rise mainly reflected higher prices for food, housing and transport.



Inflation climbed to 10.3% in March from 9.0% in February, marking the highest level since June 2012. The figure is now further above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation increased to 6.8% from March’s 6.4% reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.3% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects average inflation of 5.8%.


Author:, Economist

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Kenya Inflation March 2017

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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