Kenya Inflation July 2020

Kenya

Kenya: Inflation declines to lowest level since September 2019 in July

August 3, 2020

Consumer prices increased a seasonally-adjusted 0.08% over the last month in July, rebounding from June's 0.31% drop, amid improving demand conditions and rising oil prices.

Inflation came in at 4.4% in July, easing from June’s 4.6% result. July's reading represented the weakest inflation rate since September 2019. In addition, the trend pointed down, with annual average inflation coming in at 4.8% in July (June: 5.4%).

FocusEconomics Consensus Forecast panelists project inflation to average 5.7% in 2020, which is unchanged from last month’s forecast. For 2021, the panel also sees inflation averaging 5.3%.


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Kenya Inflation July 20 20 1

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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