Kenya Inflation July 2019

Kenya

Kenya: Inflation rises in July

July 31, 2019

Consumer prices fell 0.36% over the previous month in July, following a 0.69% month-on-month drop in June. A less pronounced fall in prices for food and non-alcoholic beverages drove the softer monthly decline.

Inflation rose to 6.3% in July from 5.7% in June. Thus, inflation moved further away from the mid-point of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation inched up to 5.3% in July from 5.2% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.8% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees inflation averaging 5.8%.


Author:, Economist

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Kenya Inflation July 2019 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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