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
|Inflation Rate (CPI, annual variation in %, eop)||8.0||6.4||4.5||5.7||5.8|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation (eop) Chart
Source: Kenya National Bureau of Statistics
|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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July 29, 2022
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June's 0.89% increase.
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.
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.
July 1, 2022
The economy lost more steam in the first quarter of 2022, with GDP expanding 6.8% year on year.
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.