Inflation in Kenya

Kenya Inflation | Economic News & Forecasts

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

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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