Kenya Inflation December 2019

Kenya

Kenya: Inflation rises to eight-month high in December

December 31, 2019

Consumer prices rose 0.90% over the previous month in December, up from November’s 0.41% increase and marking the highest reading since April. December’s print largely reflected marked increases in prices for transport as well as for food and non-alcoholic beverages.



Inflation rose to 5.8% in December from November’s 5.6%. Thus, inflation climbed further above the midpoint of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation came in at 5.2%, matching November’s reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.2% in 2020, which unchanged from last month’s forecast. For 2020, the panel also sees inflation averaging again 5.5%.


Author:, Economist

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Kenya Inflation December 2019

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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