Inflation in Kenya
Kenya - Inflation
Inflation rises to over five-year high in August
Consumer prices increased a seasonally-adjusted 0.42% in August over the previous month, moderating from July's 0.67% rise. August's result marked the weakest reading since February. The cooling of price pressures was primarily due to a slower rise in prices for food and non-alcoholic beverages.
Inflation came in at 8.5% in August, which was up from July’s 8.3%. August's result represented the highest inflation rate since June 2017. Consequently, the trend pointed up slightly, with annual average inflation coming in at 6.6% in August (July: 6.4%).
FocusEconomics Consensus Forecast panelists expect inflation to average 7.7% in 2022, which is up 0.6 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 7.1%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.6||6.3||8.0||4.7||5.1|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation 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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August 31, 2022
Consumer prices increased a seasonally-adjusted 0.42% in August over the previous month, moderating from July's 0.67% rise.
August 3, 2022
The Stanbic Bank Purchasing Managers’ Index (PMI) came in at 46.3 in July, down from June's 46.8.
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.