Kenya Inflation September 2022

Kenya

Kenya: Inflation soars to over five-year high in September

October 5, 2022

Inflation came in at 9.2% in September, up from August’s 8.5%. September's figure represented the highest inflation rate since June 2017. The acceleration was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, housing, utilities and fuel, and transportation.

Consequently, the trend pointed up, with annual average inflation rising to 6.8% in September (August: 6.6%).

Lastly, consumer prices rose a seasonally adjusted 0.92% in September over the previous month, accelerating from August's 0.42% rise. September's figure was the highest reading since April.

FocusEconomics Consensus Forecast panelists expect inflation to average 7.7% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees inflation averaging 7.2%.


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Kenya Inflation September 2022

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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