Kenya Inflation

Kenya

Kenya: Inflation eases in July

July 31, 2015

In July, consumer prices rose 0.07% over the previous month, which was below the 0.30% increase observed in June and marked an eight-month low. July’s lower print reflected that a decrease in the prices for food and non-alcoholic beverages partially offset rising prices in several other categories, including housing, water, electricity and other fuels.

Inflation fell from 7.0% in June to 6.6% in July, and thus remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation eased from 6.6% in June to 6.5% in July.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.6% in 2015, which is unchanged 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 Chart


Kenya Inflation July 2015

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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