Inflation in Kenya
Kenya - Inflation
Inflation soars to 19-month high in April
Consumer prices climbed markedly over the previous month in April, rising 3.51% month-on-month. This marks a much bigger increase than March’s 1.60% rise. A surge in the prices for food and non-alcoholic beverages drove the upturn. Delay in the advent of the rainy season has led to the onset of drought conditions weighing on agricultural output, which has in turn pushed up food prices.
Inflation soared in April to 6.6%, from 4.4% in March. Thus, it moved above the mid-point of the Central Bank’s 2.5%–7.5% target range. Elevated fuel and food costs, coupled with a weakening in the shilling, propelled price pressures to the highest in 19 months. Meanwhile, annual average inflation edged up to 4.9% in April from 4.7% in March.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in 2019, which is down 0.2 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 | 12.15 | 0.0 % | May 13 |
| Exchange Rate | 101.1 | 0.05 % | May 13 |
| Stock Market | 0.1 | 0.0 % | May 10 |
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Economic News
Kenya: Business conditions in the Kenyan private sector worsen for the first time since November 2017
May 6, 2019
Business conditions in the Kenyan private sector deteriorated for the first time in one-and-a-half years in April, reflected by a drop in the Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—below the critical 50-point threshold separating expansion from contraction.
Kenya: Inflation soars to 19-month high in April
April 30, 2019
Consumer prices climbed markedly over the previous month in April, rising 3.51% month-on-month.
Kenya: Economy grows at the fastest pace in eight years in 2018
April 25, 2019
Economic growth climbed to 6.3% in 2018, well above 2017’s 4.9% expansion and marking the fastest acceleration in eight years.
Kenya: PMI edges down to the lowest in 16 months
April 3, 2019
Activity in the Kenyan private sector grew at a slightly weaker pace in March, reflected by a fall in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, from 51.2 in February to 51.0 in March—the lowest print since November 2017.
Kenya: Inflation picks up after three consecutive months of decline
March 29, 2019
Consumer prices rose 1.60% over the previous month in March, following a 0.82% month-on-month increase in February.
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