Inflation in Kenya
Kenya - Inflation
Inflation falls to five-month low in August
Consumer prices fell 0.90% over the previous month in August, following a 0.36% month-on-month drop in July. Notably lower prices for food and alcoholic beverages drove the downturn, followed by housing, water, electricity, gas and other fuels.
Inflation slid to 5.0% in August from 6.3% in July, hitting the mid-point of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation inched up to 5.4% in August from 5.3% in July.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel also sees inflation averaging 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 | 11.50 | 0.0 % | Sep 04 |
| Exchange Rate | 103.9 | 0.05 % | Sep 04 |
| Stock Market | 0.4 | 0.0 % | Sep 04 |
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Economic News
Kenya: PMI continues to fall but remains solid in August
September 4, 2019
Business conditions in the Kenyan private sector improved again in August, although more weakly than the previous month.
Kenya: Inflation falls to five-month low in August
August 30, 2019
Consumer prices fell 0.90% over the previous month in August, following a 0.36% month-on-month drop in July.
Kenya: PMI eases but remains strong in July
August 5, 2019
Businesses conditions in the Kenyan private sector continued to improve, albeit at a softer pace, in July.
Kenya: Inflation rises in July
July 31, 2019
Consumer prices fell 0.36% over the previous month in July, following a 0.69% month-on-month drop in June.
Kenya: Central Bank holds rates steady in July
July 24, 2019
At its meeting on 24 July, the Monetary Policy Committee (MPC) of Kenya’s Central Bank decided to hold the central bank rate stable at 9.00%, where it has been since July 2018.
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