Inflation in Kenya
Kenya - Inflation
Inflation jumps to over five-year high in October
Inflation came in at 9.6% in October, which was up from September’s 9.2%. October's result was the highest inflation rate since May 2017. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a brisker pace in October. Additionally, prices for transportation also rose at a stronger pace. These more than offset housing, utilities and fuel prices increasing at a more moderate pace in October.
Accordingly, the trend pointed up; annual average inflation rose to 7.1% in October (September: 6.8%).
Finally, consumer prices increased a seasonally adjusted 0.89% over the previous month in October, largely in line with September's 0.92% rise.
FocusEconomics Consensus Forecast panelists expect inflation to average 7.3% in 2023, which is up 0.1 percentage points from last month’s forecast. For 2024, the panel sees inflation averaging 6.0%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.6||6.3||8.0||4.7||5.1|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
|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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November 3, 2022
The Purchasing Managers’ Index (PMI)—produced by Stanbic Bank and S&P Global—moderated to 50.2 in October, down from September’s seven-month high of 51.7.
October 31, 2022
Inflation came in at 9.6% in October, which was up from September’s 9.2%.
October 11, 2022
Economic growth continued to lose steam in the second quarter of 2022, with GDP expanding a milder 5.2% year on year.
October 5, 2022
Inflation came in at 9.2% in September, up from August’s 8.5%.
October 5, 2022
The Purchasing Managers’ Index (PMI)—produced by Stanbic Bank and S&P Global—soared to 51.7 in September, up from August's 44.2.