Latest reading: Inflation came in at 1.7% in July, down from June’s 1.9% and slightly below market expectations. July’s figure...
Inflation in Kenya
Consumer price inflation in Kenya averaged 6.3% in the ten years to 2024, in line with the Sub-Saharan Africa regional average of 10.8%. The 2024 average figure was 4.5%. For more information on inflation, visit our dedicated page.
Kenya Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kenya from 2024 to 2023.
Source: Macrobond.
Kenya Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.4 | 6.1 | 7.7 | 7.7 | 4.5 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 5.7 | 9.1 | 6.6 | 3.0 |
Inflation reaches near one-year high in July
Latest reading: Inflation came in at 4.1% in July, which was up from June’s 3.8% reading, but remained within the Central Bank of Kenya’s 2.5–7.5% target range for a 25th straight month. July's result represented the joint-highest inflation rate since August 2024. The rise was broad-based, with higher price pressures recorded for food and non-alcoholic beverages, housing and utilities plus transportation. Still, the trend pointed down slightly, with annual average inflation coming in at 3.5% in July (June: +3.6%). Lastly, consumer prices increased 0.11% in July over the previous month, which was below the 0.48% rise seen in June. July's result marked the weakest reading since August 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kenyan inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Kenyan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kenyan inflation projections.
Want to get access to the full dataset of Kenyan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Canada: Inflation declines to lowest level since September 2024 in July -
Israel: Inflation recedes in July Latest reading: Inflation came in at 3.1% in July, down from June’s 3.3% and matching market forecasts, but still above... -
Argentina: Inflation drops to lowest level since December 2020 in July Latest reading: Inflation eased to 36.6% in July, below June’s 39.4%. July’s figure marked the weakest inflation rate since December... -
Nigeria: Inflation declines in July Latest reading: Inflation came in at 21.9% in July, down from June’s 22.2%. The deceleration was primarily driven by lower... -
Angola: Inflation falls to over one-year low in July Latest reading: Inflation came in at 19.5% in July, down from June’s 19.7%, marking the 12th-straight deceleration and the weakest... -
Switzerland: Inflation remains minimal in July Latest reading: Inflation inched up to 0.2% in July, slightly above June’s 0.1% and market expectations of 0.1%. Prices rose... -
United States: Inflation holds steady in July Latest reading: Inflation came in at 2.7% in July, matching June’s figure and below market expectations. Price pressures increased for...