Inflation in Kenya

Kenya Inflation | Economic News & Forecasts

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  

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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

Bond Yield12.150.0 %May 13
Exchange Rate101.10.05 %May 13
Stock Market0.10.0 %May 10

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