Inflation in Kenya
Kenya - Inflation
Inflation inches up in December, remaining elevated on higher fuel and transport costs
Consumer prices rose 0.65% over the previous month in December, contrasting a 0.18% month-on-month decline in November. Prices for transport increased the most, followed by food and non-alcoholic beverages. All sub-components registered higher prices, except for the sub-category of communication for which prices remained stable from the previous month.
Inflation inched up to 5.7% in December, from 5.6% in November, remaining within the Central Bank’s medium-target range of 2.5%–7.5%. Higher fuel and transport costs—mainly owing to the adoption of the 8% VAT on fuel—have kept price pressures elevated. Annual average inflation inched up to 4.7% in December, from 4.6% in November.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in 2019, which is down 0.2 percentage points 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||12.51||0.0 %||Jan 16|
|Exchange Rate||101.8||0.05 %||Jan 16|
|Stock Market||0.2||0.0 %||Jan 16|
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January 4, 2019
Private sector activity picked up in December, reflected by a rise in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
December 31, 2018
The latest national accounts data released by Kenya’s National Bureau of Statistics on 31 December showed that the economy grew at a strong pace again in the third quarter, despite losing some momentum from the previous quarter.
December 31, 2018
Consumer prices rose 0.65% over the previous month in December, contrasting a 0.18% month-on-month decline in November.
December 5, 2018
Private sector activity weakened slightly in November, reflected by a decline in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
November 27, 2018
At its latest meeting held on 27 November, the Monetary Policy Committee (MPC) of Kenya’s Central Bank opted to keep the Central Bank Rate (CBR) on hold at 9.00%.