Kenya Inflation July 2018

Kenya

Kenya: Inflation inches up to five-month high in July

July 31, 2018

Consumer prices decreased 0.89% over the previous month in July, mirroring June’s print. Two out of the 12 sub-components recorded a decline, nine registered an upturn in prices, while the remaining sub-component came in flat. Prices for food and non-alcoholic beverages saw the largest decline, while prices for health increased the most.

Inflation inched up to a five-month high of 4.4% in July from 4.3% in June, remaining within the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation declined to 5.0% in July, down from 5.2% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.6% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.2%.


Author:,

Sample Report

Looking for forecasts related to Inflation in Kenya? Download a sample report now.

Download

Kenya Inflation Chart


Kenya Inflation July 2018 0

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Kenya National Bureau of Statistics (KNBS).


Kenya Economic News

  • Kenya: PMI rises in August

    September 3, 2021

    The IHS Markit Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Kenya— rose to 51.1 in August from July's 50.6.

    Read more

  • Kenya: Inflation matches July’s rate in August

    August 31, 2021

    Consumer prices increased a seasonally-adjusted 0.23% in August over the previous month, a smaller increase than the upward revised 0.29% increase seen in July (previously reported 0.20%).

    Read more

  • Kenya: PMI moderates in July, but remains in expansionary territory

    August 4, 2021

    The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Kenya—dropped to a three-month low of 50.6 in July, from June's 51.0.

    Read more

  • Kenya: Inflation rises in July

    July 30, 2021

    Consumer prices increased a seasonally-adjusted 0.20% in July over the previous month, picking up from the 0.12% rise seen in June.

    Read more

  • Kenya: Central Bank leaves rate unchanged in July

    July 28, 2021

    At its 28 July meeting, the Monetary Policy Committee of Kenya’s Central Bank once again decided to leave the Central Bank rate unchanged at 7.00%, marking the ninth consecutive hold, after having cut it by 125 basis points during March–April 2020. The decision came amid high-frequency data pointing to a recovery in GDP in the first half of this year, and a bounce-back in 2021 overall as restrictions are further rolled back and activity fully resumes.

    Read more

More news

Search form