Kenya Inflation September 2018

Kenya

Kenya: Inflation soars in September to the highest in 11 months

September 28, 2018

Consumer prices increased 1.02% over the previous month in September, following a 0.31% month-on-month rise in August. 10 out of the 12 sub-components recorded higher prices, with transport prices leading the way, soaring by a notable magnitude. Meanwhile, prices for the remaining components— education and communication—came in flat.

Inflation climbed sharply in September to an 11-month high of 5.7%, up from 4.0% in August. Higher fuel and transport costs drove the upsurge. Nevertheless, it remained within the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation inched down to 4.5% in September, from 4.6% in August.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in 2018, which is down 0.3 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.0%, which is unchanged from last month.


Author:, Economist

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Kenya Inflation September 2018 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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