Kenya Inflation June 2019

Kenya

Kenya: Inflation rises in June

June 28, 2019

Consumer prices fell 0.69% over the previous month in June, following a 0.07% month-on-month downturn in May. Lower prices for food and non-alcoholic beverages were behind the decline as improved weather conditions likely boosted agricultural production and helped push down food prices.

Inflation rose to 5.7% in June from 5.5% in May. 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 5.2% in June from 5.0% in May.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 5.8%.


Author:, Economist

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Kenya Inflation Chart


Kenya Inflation June 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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