Inflation in Kenya
Kenya - Inflation
Inflation continues to slide in February
Consumer prices rose 0.82% over the previous month in February, following a 0.35% month-on-month increase in January. The upturn was led by higher prices for food and non-alcoholic beverages, followed by a rise in prices for alcoholic beverages, tobacco and narcotics. On the flip side, transport was the only category to see a decline in prices, while the cost of education remained stable from the previous month.
Inflation continued to slide in February, falling to 4.1% from 4.7% in January, thus remaining within the Central Bank’s medium-target range of 2.5%–7.5%. Easing costs for food items and a stronger shilling drove the downturn in prices, countering elevated prices for fuel. Meanwhile, annual average inflation remained at 4.7% in February.
Kenya Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 5.6% in 2019, which is down 0.1 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 |
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 12.45 | 0.0 % | Mar 11 |
| Exchange Rate | 99.7 | 0.05 % | Mar 11 |
| Stock Market | 0.2 | 0.0 % | Mar 11 |
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Economic News
Kenya: PMI falls to 15-month low in February
March 5, 2019
Business conditions in the Kenyan private sector improved only modestly in February, with activity in the sector growing at the weakest pace in 15 months.
Kenya: Inflation continues to slide in February
February 28, 2019
Consumer prices rose 0.82% over the previous month in February, following a 0.35% month-on-month increase in January.
Kenya: PMI falls in January on softer growth in new orders
February 5, 2019
The Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, fell to 53.2 in January from 53.6 in December.
Kenya: Inflation declines in January on lower oil prices and stronger shilling
January 31, 2019
Consumer prices increased 0.35% over the previous month in January, following a 0.65% month-on-month rise in December.
Kenya: Central Bank holds rate steady at first meeting of the year
January 28, 2019
At its latest meeting held on 28 January, the Monetary Policy Committee (MPC) of Kenya’s Central Bank kept the Central Bank Rate (CBR) at 9.00%.
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