Kenya Inflation August 2018

Kenya

Kenya: Inflation drops in August

August 31, 2018

Consumer prices rose 0.31% over the previous month in August, contrasting a 0.89% month-on-month decline in July. Out of the total 12 sub-components, 10 recorded higher prices, one was stable from the previous month, and the remaining one registered a drop in prices. Prices for alcoholic beverages, tobacco and narcotics increased the most while prices for education were unchanged from the previous month, and prices for food and non-alcoholic beverages was the only category that recorded a fall in prices.

Inflation dropped to 4.0% in August from July’s five-month high of 4.4%, remaining close to the midpoint of the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation declined to 4.6% in August from 5.0% in July.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in 2018, which is down 0.3 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.0%.


Author:, Economist

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Kenya Inflation Chart


Kenya Inflation August 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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