Kenya Inflation June 2021

Kenya

Kenya: Inflation comes in at highest level since February 2020 in June

July 9, 2021

Consumer prices increased a seasonally-adjusted 0.12% over the previous month in June, slowing down from May’s 0.20% rise. June’s result marked the softest increase in prices in nine months. The print was chiefly due to softer increases in prices for food and non-alcoholic beverages, as well as for transport.

Meanwhile, inflation increased to 6.3% in June from May’s 5.9%, marking the highest inflation rate since February 2020. Consequently, the trend pointed up, with annual average inflation coming in at 5.3% in June (May: 5.2%).

FocusEconomics Consensus Forecast panelists expect inflation to average 5.8% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 5.4%.


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Kenya Inflation June 2021 0

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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