Inflation in Kenya
Kenya - Inflation
Inflation falls to over one-year low in December
Consumer prices rose a seasonally-adjusted 0.91% from the previous month in December, accelerating from November's 0.45% rise. December's figure was the highest reading in a year. The increase was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for housing, utilities and fuel increased at a faster rate.
Inflation dropped to 5.7% in December, edging down from November’s 5.8%. December's reading represented the lowest inflation rate since September 2020. In addition, the trend pointed down mildly, with annual average inflation coming in at 6.2% in December (November: 6.4%).
FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 5.5%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.6||6.3||8.0||4.7||5.1|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.20||0.0 %||Dec 31|
|Exchange Rate||101.4||0.05 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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January 5, 2022
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Kenya Bank— rose to 53.7 in December from November's 53.0.
December 31, 2021
Consumer prices rose a seasonally-adjusted 0.91% from the previous month in December, accelerating from November's 0.45% rise.
December 31, 2021
The economy grew at a softer rate in the third quarter, with GDP expanding 9.9% year-on-year (Q2: +12.0% yoy), as Covid-19 curbs, amid high numbers of cases, weighed on activity.
Kenya: Kenya’s shilling falls to fresh record low in early December, spelling trouble for foreign debt servicing
December 14, 2021
The shilling continued its downward trend against the USD in recent weeks, hitting a fresh record low on 8 December, largely due to a stronger dollar amid limited domestic supply from the Central Bank.
December 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) came in at 53.0 in November, up from October's 51.4.