Kenya Inflation February 2016

Kenya

Kenya: Inflation surges in February

February 28, 2017

In February, consumer prices jumped 1.67% compared the previous month, coming in above the 1.00% increase observed in January. February’s rise mainly reflected higher food and healthcare prices.



Inflation climbed to 9.0% in February from 7.0%, marking the highest level in over five years. The figure shot above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation inched up from January’s 6.3% to 6.4% in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.3% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects average inflation of 5.8%.


Author:, Economist

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Kenya Inflation February 2017

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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