Latest reading: Inflation ticked down to 4.0% in August from July’s 4.3%. August’s figure marked the lowest inflation rate since...
Inflation in Kenya
Consumer price inflation in Kenya averaged 6.3% in the ten years to 2024, in line with the Sub-Saharan Africa regional average of 10.8%. The 2024 average figure was 4.5%. For more information on inflation, visit our dedicated page.
Kenya Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kenya from 2024 to 2023.
Source: Macrobond.
Kenya Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.4 | 6.1 | 7.7 | 7.7 | 4.5 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 5.7 | 9.1 | 6.6 | 3.0 |
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.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kenyan inflation projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Kenyan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kenyan inflation projections.
Want to get access to the full dataset of Kenyan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Chile: Inflation falls to over one-year low in August -
Mexico: Inflation rises in August but remains on-target Latest reading: Inflation came in at 3.6% in August, which was up from July’s 3.5%. The reading was in line... -
China: Consumer prices post greatest decline since February in August Latest reading: Consumer prices fell 0.4% on an annual basis in August, swinging from July’s flat reading and a sharper... -
Taiwan: Inflation rises in August but remains mild Latest reading: Inflation rose to 1.6% in August, above July’s 1.5%. The acceleration was primarily driven by increasing price pressures... -
Hungary: Inflation remains stable in August Latest reading: Inflation came in at 4.3% in August, matching July’s figure and remaining above the ceiling of the Central... -
Dominican Republic: Inflation increases in August Latest reading: Inflation ticked up to 3.7% in August from July’s 3.4%, inching closer to the midpoint of the Central... -
Guatemala: Inflation remains stable in August Latest reading: Inflation came in at 1.2% in August, matching July’s figure. Price pressures for food and alcoholic beverages ticked...