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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 5.7 | 6.9 | 6.6 | 6.3 | 8.0 |
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
Kenya: PMI regains lost ground in October
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.
Kenya: Inflation edges down in October from September’s 11-month high
October 31, 2018
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Kenya: Inflation soars in September to the highest in 11 months
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Consumer prices increased 1.02% over the previous month in September, following a 0.31% month-on-month rise in August.
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