Inflation in Kenya

Kenya Inflation (eop) | Economic News & Forecasts

Kenya - Inflation (end of period)

Inflation drops in August

Consumer prices rose 0.31% over the previous month in August, contrasting a 0.89% month-on-month decline in July. Out of the total 12 sub-components, 10 recorded higher prices, one was stable from the previous month, and the remaining one registered a drop in prices. Prices for alcoholic beverages, tobacco and narcotics increased the most while prices for education were unchanged from the previous month, and prices for food and non-alcoholic beverages was the only category that recorded a fall in prices.

Inflation dropped to 4.0% in August from July’s five-month high of 4.4%, remaining close to the midpoint of the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation declined to 4.6% in August from 5.0% in July.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in 2018, which is down 0.3 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.0%.

Kenya - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)7.2  6.0  8.0  6.4  4.5  

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Kenya Inflation (eop) Chart

Kenya Inflation
Note: Inflation, annual average variation of consumer price index (CPI) in %.
Source: Kenya National Bureau of Statistics

Kenya Facts

Bond Yield12.570.0 %Sep 20
Exchange Rate100.80.05 %Sep 20
Stock Market0.10.0 %Sep 20

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