Kenya Inflation March 2016

Kenya

Kenya: Inflation falls to six-month low in March

March 31, 2016

In March, consumer prices rose 0.76% over the previous month, contrasting the 0.42% decrease observed in February. March’s rise mainly reflects higher prices for food and non-alcoholic beverages.

Inflation fell for a third month in a row, dropping from 6.8% in February to 6.5% in March, which represented the lowest value in six months. 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 March rested at February’s 6.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.6% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees average inflation at 6.1%.


Author: Teresa Kersting, Economist

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Kenya Inflation March 2016

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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