Kenya Inflation July 2021


Kenya: Inflation rises in July

July 30, 2021

Consumer prices increased a seasonally-adjusted 0.20% in July over the previous month, picking up from the 0.12% rise seen in June. Looking at the details of the release, prices for food and non-alcoholic beverages fell in July, while prices for housing, utilities and fuel grew. Meanwhile, transportation prices rose at a softer pace.

Inflation came in at 6.4% in July, up from June’s 6.3%. July's reading represented the highest inflation rate since February 2020. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 5.5% in July (June: 5.3%).

FocusEconomics Consensus Forecast panelists expect inflation to average 5.8% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 5.4%.


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Kenya Inflation Chart

Kenya Inflation July 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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