Kenya Inflation May 2020

Kenya

Kenya: Inflation inches down in May

June 9, 2020

Consumer prices rose a seasonally-adjusted 0.63% from the last month in May, which was below the 0.86% increase logged in April. May’s reading largely reflected lower prices for restaurants and accommodation services compared to the previous month.

Inflation inched down to 5.5% in May, from April’s 5.6%. Moreover, annual average inflation ticked down to 5.5% in May (April: 5.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 5.8% in 2020, which unchanged from last month’s forecast. For 2021, the panel also sees inflation averaging 5.3%.


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Kenya Inflation May 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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