Kenya Inflation November 2016

Kenya

Kenya: Inflation jumps in November

December 7, 2016

In November, Kenyan consumer prices rose 0.71% over the previous month, coming in above the 0.62% increase observed in October. November’s rise mainly reflected higher food prices.

Inflation edged up from 6.5% in October to 6.7% in November, thus hitting the highest reading in nine months. The figure remained within the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation remained at the previous month’s 6.5% in November.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.3% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects average inflation of 6.2%.


Author:, Senior Economist

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Kenya Inflation November 2016

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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