Kenya Inflation January 2017

Kenya

Kenya: Inflation picks up in January

January 31, 2017

In January, consumer prices rose 1.00% compared the previous month, coming in above the 0.77% increase observed in December. January’s rise mainly reflected higher prices in the food and education categories.



Inflation increased from 6.4% in December to 7.0% in January, the highest reading in nearly a year. The figure remained within the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation was stable at December’s 6.3% in January, the lowest reading since February 2014.

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 5.8%.


Author:, Economist

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Kenya Inflation January 2017

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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