Kenya Inflation October 2020

Kenya

Kenya: Inflation increases in October

November 3, 2020

Consumer prices increased 0.95% in seasonally-adjusted month-on-month terms in October, following September’s flat reading. October’s print largely reflected higher prices for food and non-alcoholic beverages, insurance and financial services, and hotels and restaurants.

Meanwhile, inflation increased to 4.8% in October from September’s 4.2%, marking the highest reading since May. However, annual average inflation edged down to 5.1% in October from 5.3% in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.1% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 4.8%.


Author:, Junior Economist

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Kenya Inflation October 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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