Kenya Inflation

Kenya

Kenya: Inflation continues to moderate in August

August 31, 2015

In August, consumer prices rose 0.21% over the previous month, which was above the 0.07% increase observed in July. August’s result was mainly driven by higher prices for for housing, water, electricity and other fuels.

Inflation fell from 6.6% in July to 5.8% in August, which represented the lowest reading in half a year. As a result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation eased from 6.5% in July to 6.3% in August, which represented the lowest rate in 18 months.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.4% in 2015, which is down 0.2 percentage points from last month’s forecast. In 2016, the panel also sees average inflation at 6.4%.


Author: Teresa Kersting, Economist

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Kenya Inflation August 2015 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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