Inflation in Kenya
Kenya - Inflation
Inflation rises in June
Consumer prices fell 0.69% over the previous month in June, following a 0.07% month-on-month downturn in May. Lower prices for food and non-alcoholic beverages were behind the decline as improved weather conditions likely boosted agricultural production and helped push down food prices.
Inflation rose to 5.7% in June from 5.5% in May. Thus, inflation moved further away from the mid-point of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation inched up to 5.2% in June from 5.0% in May.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 5.8%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.7||6.9||6.6||6.3||8.0|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||11.75||0.0 %||Jul 11|
|Exchange Rate||102.9||0.05 %||Jul 11|
|Stock Market||0.4||0.0 %||Jul 11|
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July 3, 2019
Business conditions in the Kenyan private sector improved further in June after rebounding in May.
July 1, 2019
Economic growth came in at 5.6% year-on-year in the first quarter, decelerating from Q4 2018’s 6.0% and marking the lowest print since Q3 2017.
June 28, 2019
Consumer prices fell 0.69% over the previous month in June, following a 0.07% month-on-month downturn in May.
June 5, 2019
Business conditions in the Kenyan private sector improved modestly in May after deteriorating in April.
May 31, 2019
Consumer prices fell 0.07% over the previous month in May, contrasting a 3.51% month-on-month upturn in April.