Kenya Inflation May 2021

Kenya

Kenya: Inflation ticks up in May

May 31, 2021

Consumer prices increased a seasonally-adjusted 0.20% over the previous month in May, slowing down from April’s 0.82% rise. May’s result marked the softest increase in prices in eight months. Looking at the details of the release, the result was chiefly due to higher prices for food and non-alcoholic beverages. That said, the overall increase in prices was offset by lower prices for housing and utilities.

Inflation inched up to 5.9% in May from April’s 5.8%. Consequently, the trend pointed up, with annual average inflation coming in at 5.2% in May (April: 5.1%).

FocusEconomics Consensus Forecast panelists expect inflation to average 5.8% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 5.5%.


Author:, Junior Economist

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Kenya Inflation Chart


Kenya Inflation May 2021

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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