Inflation in Kenya

Kenya Inflation | Economic News & Forecasts

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  

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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 Yield12.450.0 %Mar 11
Exchange Rate99.70.05 %Mar 11
Stock Market0.20.0 %Mar 11

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