Inflation in Kenya
Consumer price inflation in Kenya averaged 6.3% in the ten years leading to 2022, which is below the Sub-Saharan Africa regional average of 9.4%. The 2022 average figure was 7.7%. For more inflation information, visit our dedicated page.
Kenya Inflation Chart
Kenya Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 4.7 | 5.2 | 5.4 | 6.1 | 7.7 |
Inflation (CPI, ann. var. %, eop) | 5.7 | 7.2 | 5.6 | 5.7 | 9.1 |
Inflation comes in at highest level since October 2023 in January
Inflation inched up to 6.9% in January from December’s 6.6%, marking the highest inflation rate since October 2023. The result was driven by brisker increases in prices for food and non-alcoholic beverages, clothing, and housing and utilities. Accordingly, the trend pointed up, with annual average inflation ticking down to 7.5% in January (December: 7.7%). Finally, consumer prices rose 0.44% over the previous month in January, accelerating from the 0.38% increase logged in December. January's uptick was the highest reading since October 2023.
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.
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