Inflation in Kenya
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 |
Kenya Inflation (eop) Chart
Source: Kenya National Bureau of Statistics
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 12.57 | 0.0 % | Sep 20 |
| Exchange Rate | 100.8 | 0.05 % | Sep 20 |
| Stock Market | 0.1 | 0.0 % | Sep 20 |
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Economic News
Kenya: PMI rises in August moving further above the critical 50-point threshold
September 5, 2018
Kenya’s private sector gained speed in August, as reflected by a climb in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
Kenya: Inflation drops in August
August 31, 2018
Consumer prices rose 0.31% over the previous month in August, contrasting a 0.89% month-on-month decline in July.
Kenya: PMI falls to lowest level since January in July but remains above the critical 50-point threshold
August 3, 2018
Kenya’s private sector lost momentum in July, as reflected by a fall in the composite Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, which dropped to 53.6, down from 55.0 in June.
Kenya: Inflation inches up to five-month high in July
July 31, 2018
Consumer prices decreased 0.89% over the previous month in July, mirroring June’s print.
Kenya: Central Bank cuts the benchmark rate by 50 basis points for the second time this year
July 30, 2018
At its recent meeting held on 30 July, the Monetary Policy Committee (MPC) of Kenya’s Central Bank cut the Central Bank Rate (CBR) to 9.00% after the rate was held at 9.50% at its last meeting in May.
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