Kenya Inflation October 2021

Kenya

Kenya: Inflation falls to lowest level since June in October

October 30, 2021

Consumer prices rose a seasonally-adjusted 0.51% in October over the previous month, accelerating from the 0.32% increase seen in September. October's figure marked the highest reading since April. The pick-up was primarily due to rising prices for food and non-alcoholic beverages.

Inflation dropped to 6.5% in October below September’s 6.9%. October's result marked the lowest inflation rate since June. Meanwhile, annual average inflation remained at September’s 6.4% in October.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.6% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 5.6%.


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Kenya Inflation October 2021

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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