Kenya Inflation February 2021

Kenya

Kenya: Inflation increases in February

February 26, 2021

Consumer prices rose a seasonally-adjusted 0.70% in February over the previous month, accelerating from January's 0.63% increase. Looking at the details of the release, the result was chiefly due to higher prices for food and non-alcoholic beverages, as well as for transportation. However, the overall increase was capped by lower prices for restaurants and accommodation services.

Inflation came in at 5.8% in February, slightly above January’s 5.7%. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 5.2% in February (January: 5.3%).

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


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Kenya Inflation February 2021

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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