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%.


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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).


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