Kenya Inflation January 2016

Kenya

Kenya: Inflation recedes slightly in January

January 30, 2016

In January, consumer prices rose 0.39% over the previous month, coming in below the 1.07% increase observed in December. January’s result came on the back of higher prices for most components of index, particularly food prices. Conversely, transport prices fell markedly.

Following four months of rising inflation, it receded slightly in January, decreasing from December’s 8.0% to 7.8%. Nevertheless, inflation still remained above the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation in January edged up from December’s 6.6% to 6.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.7% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees average inflation at 6.1%.


Author: Teresa Kersting, Economist

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Kenya Inflation January 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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