Kenya Inflation April 2017

Kenya

Kenya: Inflation remains above target range in April

April 28, 2017

Consumer prices rose 1.8% in April compared to the previous month, coming in above the 1.7% increase observed in March. April’s increase mainly reflected higher prices in the food and non-alcoholic beverages and the housing, water, electricity, gas and other fuels’ categories.

Inflation increased from 10.3% in March to 11.5% in April, the highest reading in over four years. The figure remained above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points for the third consecutive month. Annual average inflation also rose as it increased from 6.8% in March to 7.3% in April, the highest in more than a year.

FocusEconomics Consensus Forecast panelists expect inflation to average 8.9% in 2017, which is up 0.9 percentage points from last month’s forecast. In 2018, the panel expects average inflation of 6.5%.


Author:, Economist

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Kenya Inflation April 2017 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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