Latest reading: Inflation fell for the ninth month running in July and hit a just-over eight-year low of 1.6%, down...
Inflation in Kenya
Consumer price inflation in Kenya averaged 6.3% in the ten years to 2024, in line with the Sub-Saharan Africa regional average of 10.8%. The 2024 average figure was 4.5%. For more information on inflation, visit our dedicated page.
Kenya Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kenya from 2024 to 2023.
Source: Macrobond.
Kenya Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.4 | 6.1 | 7.7 | 7.7 | 4.5 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 5.7 | 9.1 | 6.6 | 3.0 |
Inflation reaches near one-year high in July
Latest reading: Inflation came in at 4.1% in July, which was up from June’s 3.8% reading, but remained within the Central Bank of Kenya’s 2.5–7.5% target range for a 25th straight month. July's result represented the joint-highest inflation rate since August 2024. The rise was broad-based, with higher price pressures recorded for food and non-alcoholic beverages, housing and utilities plus transportation. Still, the trend pointed down slightly, with annual average inflation coming in at 3.5% in July (June: +3.6%). Lastly, consumer prices increased 0.11% in July over the previous month, which was below the 0.48% rise seen in June. July's result marked the weakest reading since August 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kenyan inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Kenyan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kenyan inflation projections.
Want to get access to the full dataset of Kenyan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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India: Inflation decelerates for ninth month in July -
Denmark: Inflation reaches near two-year high in July Latest reading: Inflation increased to 2.3% in July, following June’s 1.9%. July’s result marked the highest inflation rate since August... -
Guatemala: July sees inflation fall to joint-lowest level since December 2009 Latest reading: Inflation came in at 1.2% in July, down from June’s 1.8%. July’s result marked the joint-lowest inflation rate... -
Belarus: Inflation hits over two-year high in July Latest reading: Inflation ticked up to 7.4% in July from June’s 7.3%. July’s figure was the highest inflation rate since... -
Colombia: Inflation rises in July Latest reading: Inflation ticked up to 4.9% in July, above June’s 4.8%, exceeding market expectations and remaining above the Central... -
Mexico: Inflation declines to lowest level since December 2020 in July Latest reading: Inflation decelerated to 3.5% in July (June: 4.3%), returning to the Central Bank’s 2.0–4.0% target range. July’s figure... -
Costa Rica: Consumer prices register biggest fall since October 2024 in July Latest reading: Consumer prices fell 0.6% year-on-year in July, a steeper fall compared to June’s 0.2% year-on-year fall. July’s result...