Kenya Inflation February 2019

Kenya

Kenya: Inflation continues to slide in February

February 28, 2019

Consumer prices rose 0.82% over the previous month in February, following a 0.35% month-on-month increase in January. The upturn was led by higher prices for food and non-alcoholic beverages, followed by a rise in prices for alcoholic beverages, tobacco and narcotics. On the flip side, transport was the only category to see a decline in prices, while the cost of education remained stable from the previous month.

Inflation continued to slide in February, falling to 4.1% from 4.7% in January, thus remaining within the Central Bank’s medium-target range of 2.5%–7.5%. Easing costs for food items and a stronger shilling drove the downturn in prices, countering elevated prices for fuel. Meanwhile, annual average inflation remained at 4.7% in February.

Kenya Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 5.6% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees inflation averaging 5.8%.


Author:,

Sample Report

Looking for forecasts related to Inflation in Kenya? Download a sample report now.

Download

Kenya Inflation Chart


Kenya Inflation February 2019 0

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Kenya National Bureau of Statistics (KNBS).


Kenya Economic News

  • Kenya: PMI rises to three-month high in January

    February 3, 2021

    The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Kenya Bank—rose to 53.2 in January, up from December’s 51.4 and marking a three-month high.

    Read more

  • Kenya: Inflation rises in January

    January 29, 2021

    Consumer prices increased a seasonally-adjusted 0.63% over the previous month in January, moderating from the 0.98% rise logged in December.

    Read more

  • Kenya: GDP contraction softens notably in Q3

    January 27, 2021

    According to Kenya’s Statistical Institute, GDP shrank 1.1% year-on-year in the third quarter of 2020, moderating from Q2’s 5.5% contraction, which had been the first in at least a decade (previously reported: -5.7% year-on-year).

    Read more

  • Kenya: Central Bank keeps rate unchanged in January

    January 27, 2021

    At its 27 January meeting, the Monetary Policy Committee of Kenya’s Central Bank opted to keep the Central Bank rate unchanged at 7.00%, marking the sixth consecutive hold after having cut it by 125 basis points during March–April 2020. The decision to hold reflected the Bank’s assessment that the policies implemented since March 2020 have been sufficient to weather the economic impact of the health crisis.

    Read more

  • Kenya: PMI inches up in December

    January 6, 2021

    The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank Kenya—inched up to 51.4 in December, from November’s five-month low of 51.3.

    Read more

More news

Search form