Kenya Inflation December 2021

Kenya

Kenya: Inflation falls to over one-year low in December

December 31, 2021

Consumer prices rose a seasonally-adjusted 0.91% from the previous month in December, accelerating from November's 0.45% rise. December's figure was the highest reading in a year. The increase was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for housing, utilities and fuel increased at a faster rate.

Inflation dropped to 5.7% in December, edging down from November’s 5.8%. December's reading represented the lowest inflation rate since September 2020. In addition, the trend pointed down mildly, with annual average inflation coming in at 6.2% in December (November: 6.4%).

FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 5.5%.


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Kenya Inflation December 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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