Kenya Inflation November 2020

Kenya

Kenya: Inflation hits seven-month high November

November 30, 2020

Consumer prices increased a seasonally-adjusted month-on-month 1.19% in November, picking up from October's 0.95% increase. November's figure was the sharpest increase in prices since February. The print reflected higher prices for food and non-alcoholic beverages, health, and hotels and restaurants.

Inflation came in at 5.5% in November, up from October’s 4.8%, marking the highest inflation rate since April. Meanwhile, the trend was unchanged with annual average inflation coming in at October's 5.2% in November.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.4% in 2021, which is up 0.3 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 5.6%.


Author:, Junior Economist

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Kenya Inflation November 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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