Kenya Inflation January 2018

Kenya

Kenya: Inflation rises for the first time in five months in January

January 31, 2018

Consumer prices increased 1.32% over the previous month in January, up from a 0.54% month-on-month rise in December. This marked the biggest upturn in prices since April 2017 and was led by a big jump in prices for education. Higher prices for food and non-alcoholic beverages, education and transport also contributed to the overall climb in prices.

Inflation went up for the first time in five months in January, rising to 4.8% from 4.5% in December. It remained above the mid-point of the Central Bank’s medium-term target range of 2.5%–7.5%. Annual average inflation, on the other hand, edged down from 8.0% in December to 7.8% in January.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.5% in 2018, which is down 0.5 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.4%.


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Kenya Inflation Chart


Kenya Inflation January 2018 1

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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