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Kenya Inflation January 2024

Kenya: Inflation comes in at highest level since October 2023 in January

Inflation inched up to 6.9% in January from December’s 6.6%, marking the highest inflation rate since October 2023. The result was driven by brisker increases in prices for food and non-alcoholic beverages, clothing, and housing and utilities.

Accordingly, the trend pointed up, with annual average inflation ticking down to 7.5% in January (December: 7.7%).

Finally, consumer prices rose 0.44% over the previous month in January, accelerating from the 0.38% increase logged in December. January’s uptick was the highest reading since October 2023.

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