Kenya Inflation

Kenya

Kenya: Inflation edges up in September

September 30, 2015

In September, consumer prices rose 0.27% over the previous month, which was slightly above the 0.21% increase observed in August. September’s result was mainly driven by higher prices for food and non-alcoholic beverages.

Inflation rose from August’s six-month low of 5.8% to 6.0% in September. As a result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation in September rested at August’s 6.3%, which represented the lowest rate in 19 months.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.4% in 2015, which is unchanged from last month’s forecast. In 2016, the panel also sees average inflation at 6.6%.


Author: Teresa Kersting, Economist

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Kenya Inflation Chart


Kenya Inflation September 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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