Kenya Inflation

Kenya

Kenya: Inflation eases in May

May 29, 2015

In May, consumer prices rose 0.81% over the previous month, which was below the 1.82% increase observed in April and marked a three-month low. May’s lower print largely reflected a smaller increase in the prices for food and non-alcoholic beverages compared to the previous month as well as a decrease in the prices for alcoholic beverages, tobacco and narcotics.

Headline inflation eased from 7.1% in April to 6.9% in May. Despite May’s fall, annual average inflation remained unchanged at April’s 6.7% in May.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in 2015, which is unchanged from last month’s forecast. In 2016, the panel expects average inflation to reach 6.2%.


Author: Teresa Kersting, Economist

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Kenya Inflation Chart


Kenya Inflation May 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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