Kenya Inflation June 2017

Kenya

Kenya: Inflation falls in June but remains above the target range

June 30, 2017

Consumer prices fell 1.2% in June from the previous month, which contrasted May’s 0.8% rise. June’s drop was led by a notable fall in food and non-alcoholic beverages prices which offset an increase in the majority of the remaining index components.

Inflation came in at 9.2% in June, down from 11.7% in May and falling for the first time this year. Nevertheless, the reading remained above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points for the fifth consecutive month. Annual average inflation increased from 7.8% in May to 8.1% in June, the highest reading in over four years.

FocusEconomics Consensus Forecast panelists expect inflation to average 10.0% in 2017 and 6.9% in 2018.


Author:, Economist

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Kenya Inflation June 2017 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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