Kenya Inflation March 2018


Kenya: Inflation continues on downward trend in March

March 29, 2018

Consumer prices increased 1.39% over the previous month in March, broadly similar to February’s 1.36% month-on-month rise. March’s result was the biggest jump in prices in 11 months. There was a broad-based increase in prices, with eight out of the 12 sub-components registering higher prices. Housing, water, electricity, gas and other fuels led the upturn in prices. Meanwhile, three sub-components recorded a flat reading and the remaining sub-component, transport, saw a fall in prices.

Inflation continued on a downward trend, dropping from 4.5% in February to 4.2% in March. It hovers close to the mid-point of the Central Bank’s medium-term target band of 2.5%–7.5%. Annual average inflation fell to 6.9% in March from 7.4% in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.4% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.3%.


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Kenya Inflation Chart

Kenya Inflation March 2018 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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