Kenya Inflation March 2019

Kenya

Kenya: Inflation picks up after three consecutive months of decline

March 29, 2019

Consumer prices rose 1.60% over the previous month in March, following a 0.82% month-on-month increase in February. An upsurge in prices for food and non-alcoholic beverages spearheaded the climb in overall prices, offsetting a drop in prices for housing, water, electricity, gas and other fuels, and recreation and culture.

Inflation also picked up, rising to 4.4% in March, from 4.1% in February. However, it remained well within the Central Bank’s 2.5%–7.5% target band. Higher food prices have pushed up inflation, although the rising price pressures should be temporary given the delayed advent of the rainy season that should boost agricultural output going forward. Meanwhile, annual average inflation remained at February’s 4.7% in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 6.0


Author:, Economist

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Kenya Inflation March 2019 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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