Kenya Inflation January 2020

Kenya

Kenya: Inflation steady in January

January 31, 2020

Consumer prices rose 0.31% over the previous month in January, down from December’s 0.90% rise, which had marked the fastest rise since April 2019. January’s reading largely reflected notable increases in prices for education and for alcoholic beverages, tobacco and narcotics.

Inflation came in at 5.8% in January, matching December’s print. Thus, inflation remained above the midpoint of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation rose to 5.3%, up from December’s 5.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in 2020, which up 0.1 percentage points from last month’s forecast. For 2020, the panel also sees inflation averaging again 5.5%.


Author:, Economist

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Kenya Inflation January 20 20 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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