Inflation in Kenya
Kenya - Inflation
Inflation edges down in October from September’s 11-month high
Consumer prices fell 0.79% over the previous month in October, contrasting a 1.02% month-on-month increase in September. Nine out of the 12 sub-components saw rise in prices, two recorded lower prices, while the remaining one came in flat. The downturn was spearheaded by a decline in the prices of food and non-alcoholic beverages, although partially offset by a sharp rise in communication costs. Meanwhile, prices for education remained stable from the previous month.
Inflation edged down to 5.5% in October from September’s 11-month high of 5.7%. Although moderating from the previous month, inflation was kept elevated by a steep rise in fuel and transport costs. Nonetheless, it remained within the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation in October remained at September’s 4.5%.
FocusEconomics Consensus Forecast panelists expect inflation to average 6.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 5.9%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.7||6.9||6.6||6.3||8.0|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.60||0.0 %||Nov 09|
|Exchange Rate||102.2||0.05 %||Nov 09|
|Stock Market||0.1||0.0 %||Nov 09|
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November 5, 2018
In October, activity picked up in Kenya’s private sector following a deterioration in the previous month, as reflected by a rise in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
October 31, 2018
Consumer prices fell 0.79% over the previous month in October, contrasting a 1.02% month-on-month increase in September.
October 3, 2018
Kenya’s private sector lost ground in September, as indicated by the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
September 28, 2018
The latest national accounts data released by Kenya’s National Bureau of Statistics on 28 September revealed that the economy sped up in the second quarter, growing 6.3% in annual terms, which marks the fastest pace of expansion since Q4 2016.
September 28, 2018
Consumer prices increased 1.02% over the previous month in September, following a 0.31% month-on-month rise in August.