Kenya: Inflation ticks up for third month in August
Latest reading: In August, inflation rose to 4.5% following July’s 4.1%, and marking a third consecutive increase. August’s reading represented the highest reading since June 2024. Looking at the details of the release, the increase was largely driven by faster increases in price pressures for transport plus food and non-alcoholic beverages—which make up a third of the consumer price index basket; staple foods such as vegetables and corn rose at a faster clip. Still, housing and utility costs rose at a slower clip.
As a result, annual average inflation ticked up to 3.6% in August (July: 3.5%).
Lastly, consumer prices rose 0.32% in August over the previous month, following July’s 0.11% rise.