Inflation in Kenya
Kenya - Inflation
Inflation comes in at highest level since January in September
Consumer prices rose a seasonally-adjusted 0.32% in September over the previous month, accelerating from August's 0.23% rise. September's uptick was the highest reading since April. Looking at the details of the release, transportation prices rose in September after dropping in the previous month, while price pressures for housing, utilities and fuel picked up pace.
Inflation came in at 6.9% in September, which was up from August’s 6.6%. September's reading was the highest inflation rate since January. Annual average inflation edged up to 6.4% in September (August: 6.3%).
FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel sees inflation averaging 5.5%, which is also up 0.1 percentage points from last month’s estimate.
Kenya - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 6.6 | 6.3 | 8.0 | 4.7 | 5.1 |
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
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Kenya: PMI falls in September pointing to a moderating improvement in business conditions
October 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI) fell to 50.4 in September from August's 51.1.
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Kenya: Inflation comes in at highest level since January in September
September 30, 2021
Consumer prices rose a seasonally-adjusted 0.32% in September over the previous month, accelerating from August's 0.23% rise.
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Kenya: Central Bank stands pat in September
September 28, 2021
At its 28 September meeting, the Monetary Policy Committee of Kenya’s Central Bank decided to leave its key rate unchanged at 7.00%, marking the tenth consecutive hold, after having cut it by 125 basis points during March–April 2020. Estimates of a strong recovery in 2021, coupled with relatively well-anchored inflation expectations, were largely behind the Bank’s decision to maintain its accommodative stance.
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Kenya: GDP rebounds in Q4 2020
September 9, 2021
According to a recent release by Kenya’s Statistical Institute, GDP expanded 1.2% in annual terms in the fourth quarter of 2020, contrasting the 2.1% contraction tallied in the prior quarter, and expanding for the first time since Q1 2020.
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Kenya: PMI rises in August
September 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Kenya— rose to 51.1 in August from July's 50.6.
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