Inflation in Kenya

Kenya Inflation | Economic News & Forecasts

Kenya - Inflation

Inflation inches up in December, remaining elevated on higher fuel and transport costs

Consumer prices rose 0.65% over the previous month in December, contrasting a 0.18% month-on-month decline in November. Prices for transport increased the most, followed by food and non-alcoholic beverages. All sub-components registered higher prices, except for the sub-category of communication for which prices remained stable from the previous month.

Inflation inched up to 5.7% in December, from 5.6% in November, remaining within the Central Bank’s medium-target range of 2.5%–7.5%. Higher fuel and transport costs—mainly owing to the adoption of the 8% VAT on fuel—have kept price pressures elevated. Annual average inflation inched up to 4.7% in December, from 4.6% in November.


FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel sees inflation averaging 5.8%.

Kenya - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.7  6.9  6.6  6.3  8.0  

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Kenya Inflation Chart


Kenya Inflation
Note: Inflation, annual average variation of consumer price index (CPI) in %.
Source: Kenya National Bureau of Statistics

Kenya Facts

ValueChangeDate
Bond Yield12.510.0 %Jan 16
Exchange Rate101.80.05 %Jan 16
Stock Market0.20.0 %Jan 16

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