Kenya Inflation June 2022

Kenya

Kenya: Inflation comes in at highest level since August 2017 in June

June 30, 2022

Consumer prices rose a seasonally-adjusted 0.89% in June over the previous month, picking up from May's 0.78% rise. The result was driven by rising prices for housing, utilities and fuel. Additionally, prices for food and transport also increased at brisker paces.

Inflation increased to 7.9% in June, following May’s 7.1%. June's figure marked the highest inflation rate since August 2017. Consequently, the trend pointed up mildly, with annual average inflation coming in at 6.3% in June (May: 6.2%).

FocusEconomics Consensus Forecast panelists expect inflation to average 7.0% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 6.2%.


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Kenya Inflation June 2022

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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