Inflation in Kenya
Kenya - Inflation (end of period)
Inflation picks up after three consecutive months of decline
Consumer prices rose 1.60% over the previous month in March, following a 0.82% month-on-month increase in February. An upsurge in prices for food and non-alcoholic beverages spearheaded the climb in overall prices, offsetting a drop in prices for housing, water, electricity, gas and other fuels, and recreation and culture.
Inflation also picked up, rising to 4.4% in March, from 4.1% in February. However, it remained well within the Central Bank’s 2.5%–7.5% target band. Higher food prices have pushed up inflation, although the rising price pressures should be temporary given the delayed advent of the rainy season that should boost agricultural output going forward. Meanwhile, annual average inflation remained at February’s 4.7% in March.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 6.0
Kenya - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||7.2||6.0||8.0||6.4||4.5|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation (eop) Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.15||0.0 %||Apr 12|
|Exchange Rate||101.0||0.05 %||Apr 12|
|Stock Market||0.1||0.0 %||Apr 12|
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April 3, 2019
Activity in the Kenyan private sector grew at a slightly weaker pace in March, reflected by a fall in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, from 51.2 in February to 51.0 in March—the lowest print since November 2017.
March 29, 2019
Consumer prices rose 1.60% over the previous month in March, following a 0.82% month-on-month increase in February.
March 27, 2019
At its latest meeting held on 27 March, the Monetary Policy Committee (MPC) of Kenya’s Central Bank held its benchmark lending rate at 9.00%, where it has been July 2018.
March 5, 2019
Business conditions in the Kenyan private sector improved only modestly in February, with activity in the sector growing at the weakest pace in 15 months.
February 28, 2019
Consumer prices rose 0.82% over the previous month in February, following a 0.35% month-on-month increase in January.