Inflation in Kenya

Kenya - Inflation (end of period)
Inflation comes in at an over five-year high in July
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June's 0.89% increase. July's result marked the softest rise in prices since February. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, housing, utilities and fuel, and transportation.
Inflation came in at 8.3% in July, which was up from June’s 7.9%. July's reading represented the highest inflation rate since June 2017. Consequently, the trend pointed up mildly, with annual average inflation coming in at 6.4% in July (June: 6.3%).
FocusEconomics Consensus Forecast panelists expect inflation to average 7.1% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 6.5%.
Kenya - Inflation (eop) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %, eop) | 8.0 | 6.4 | 4.5 | 5.7 | 5.8 |
Kenya Inflation (eop) 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
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Kenya: Inflation comes in at an over five-year high in July
July 29, 2022
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June's 0.89% increase.
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Kenya: Central Bank surprises markets and keeps rate unchanged in July
July 27, 2022
At its 27 July meeting, the Monetary Policy Committee (MPC) of the Central Bank of Kenya kept its Central Bank Rate on hold at 7.50%, after May’s 50 basis points hike.
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Kenya: PMI falls deeper into contractionary territory in June
July 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) declined to 46.8 in June, below May’s 48.2 and marking a 14-month low.
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Kenya: Economy expands at softer pace in Q1 2022
July 1, 2022
The economy lost more steam in the first quarter of 2022, with GDP expanding 6.8% year on year.
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Kenya: Inflation comes in at highest level since August 2017 in June
June 30, 2022
Consumer prices rose a seasonally-adjusted 0.89% in June over the previous month, picking up from May's 0.78% rise.