Kenya Inflation January 2021


Kenya: Inflation rises in January

January 29, 2021

Consumer prices increased a seasonally-adjusted 0.63% over the previous month in January, moderating from the 0.98% rise logged in December. January's result marked the softest rise in prices since September 2020. Looking at the details of the release, higher prices for food and non-alcoholic beverages, and housing, water, electricity and gas were partly offset by lower prices for information and communication, as well as for restaurants and accommodation services.

Inflation came in at 5.7% in January, slightly above December’s 5.6%. Meanwhile, the trend was unchanged with annual average inflation coming in at December's 5.3% in January.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.6% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 5.7%.


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Kenya Inflation Chart

Kenya Inflation January 2021

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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