Inflation in Kenya
Kenya - Inflation
Inflation rises in November
Consumer prices rose 0.41% over the previous month in November, up from October’s 0.28% increase. The food, transport, and alcoholic beverages, tobacco and narcotics subsectors saw the steepest price increases in the month.
Inflation jumped to 5.6% in November, from October’s 5.0%. Thus, inflation rose above the midpoint of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation was unchanged from October’s 5.2%.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.2% in 2020, which unchanged from last month’s forecast. For 2020, the panel also sees inflation averaging again 5.7%.
Kenya - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 5.7 | 6.9 | 6.6 | 6.3 | 8.0 |
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 12.20 | 0.0 % | Dec 31 |
| Exchange Rate | 101.4 | 0.05 % | Jan 01 |
| Stock Market | 0.4 | 0.0 % | Jan 07 |
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Economic News
Kenya: PMI ticks up in December
January 6, 2020
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—came in at 53.3 in December, up from November’s 53.2 reading and thus climbing further above the 50-threshold that indicates an improvement in business conditions. New orders rose sharply in December amid increased referrals from clients as did new export orders on stronger demand from European markets.
Kenya: PMI stable in November
December 4, 2019
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—came in at 53.2 in November, matching October’s reading, thus staying above the critical 50-threshold that separates expansion from contraction and signaling a healthy rate of growth in activity.
Kenya: Inflation rises in November
November 30, 2019
Consumer prices rose 0.41% over the previous month in November, up from October’s 0.28% increase.
Kenya: Central Bank slashes rates in November
November 25, 2019
At its meeting on 25 November, the Monetary Policy Committee (MPC) of Kenya’s Central Bank decided to axe the central bank rate by 50 basis points to 8.50%, marking the first cut in 16 months.
Kenya: PMI dips in October
November 5, 2019
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—fell to 53.2 in October from 54.1 in September, thus moving closer to the critical 50-threshold that separates expansion from contraction and signaling a softer pace of growth in activity.
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