Inflation in Kenya

Kenya Inflation | Economic News & Forecasts

Kenya - Inflation

Inflation jumps to over five-year high in October

Inflation came in at 9.6% in October, which was up from September’s 9.2%. October's result was the highest inflation rate since May 2017. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a brisker pace in October. Additionally, prices for transportation also rose at a stronger pace. These more than offset housing, utilities and fuel prices increasing at a more moderate pace in October.

Accordingly, the trend pointed up; annual average inflation rose to 7.1% in October (September: 6.8%).

Finally, consumer prices increased a seasonally adjusted 0.89% over the previous month in October, largely in line with September's 0.92% rise.

FocusEconomics Consensus Forecast panelists expect inflation to average 7.3% in 2023, which is up 0.1 percentage points from last month’s forecast. For 2024, the panel sees inflation averaging 6.0%.

Kenya - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)6.6  6.3  8.0  4.7  5.1  

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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

Value Change Date
Bond Yield12.200.0 %Dec 31
Exchange Rate101.40.05 %Jan 01
Stock Market0.40.0 %Jan 07

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