Kenya Inflation July 2020

Kenya

Kenya: Inflation falls to lowest level in ten months in July

July 30, 2020

Consumer prices increased 0.08% in month-on-month seasonally-adjusted term in July, swinging from June’s 0.31% fall. July’s reading largely reflected higher prices for alcoholic beverages and tobacco, as well as for transport. This rise was partially offset by lower prices for food and non-alcoholic beverages, and for clothing and footwear.

Inflation dropped to 4.4% in July, further down from June’s 4.6%. July’s print marked the lowest inflation rate in the past 10 months. Annual average inflation came in at 5.3% in July, slightly below June’s 5.4%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2020, which remains unchanged from last month’s forecast. For 2021, the panel sees inflation averaging 5.3%.


Author:, Junior Economist

Sample Report

Looking for forecasts related to Inflation in Kenya? Download a sample report now.

Download

Kenya Inflation Chart


Kenya Inflation July 20 20

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Kenya National Bureau of Statistics (KNBS).


Kenya Economic News

More news

Search form