Kenya Inflation March 2022

Kenya

Kenya: Inflation picks up in March

March 31, 2022

Consumer prices rose 0.85% month on month in March on a seasonally-adjusted basis, markedly up from February’s 0.41 increase. Looking at the details of the release, the acceleration was due to prices for food and non-alcoholic beverages increasing at a brisker pace, while transport prices also grew at a faster rate.

Inflation came in at 5.6% in March, up from February’s 5.1%. Still, annual average inflation was stable at February’s 6.0% in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.2% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 5.5%.


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Kenya Inflation March 2022

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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