Kenya Inflation

Kenya

Kenya: Inflation jumps in October

October 30, 2015

In October, consumer prices rose 0.50% over the previous month, which was above the 0.27% increase observed in September. October’s result was mainly fueled by higher prices for food and non-alcoholic beverages.

Inflation climbed from September’s 6.0% to 6.7% in October, which marked a second consecutive rise and the highest reading in four months. As a result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation in October rested at September’s 6.3%, which had represented the lowest rate in 19 months.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.3% in 2015, which is down 0.1 percentage points from last month’s forecast. In 2016, the panel sees average inflation at 6.4%, which is down 0.2 percentage points from last month’s Consensus.


Author: Teresa Kersting, Economist

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Kenya Inflation Chart


Kenya Inflation October 2015

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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