Kenya Inflation December 2020

Kenya

Kenya: Inflation hits eight-month high in December

December 31, 2020

Consumer prices increased 0.98% in seasonally-adjusted month-on-month terms in December, easing from November’s 1.07% increase. December’s print reflected higher prices for food and non-alcoholic beverages and housing, water, electricity and gas.

Inflation came in at 5.6% in December, picking up from November’s 5.3%, and marking the highest inflation rate in eight months. Meanwhile, the trend remained unchanged in December with annual average inflation coming in at November’s 5.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.4% in 2021, which is unchanged from last month’s forecast. For 2022, the panel sees inflation averaging 5.6%.


Author:, Junior Economist

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Kenya Inflation December 20 20

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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