The annual inflation rate in Kenya decreased to 5.0 percent in August 2019 from 6.3 percent in the previous month. This is the softest inflation rate since March, mainly reflecting weaker food price growth. Inflation Rate in Kenya averaged 9.50 percent from 2005 until 2019, reaching an all time high of 31.50 percent in May of 2008 and a record low of 3.18 percent in October of 2010.

Inflation Rate in Kenya is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Kenya to stand at 5.40 in 12 months time. In the long-term, the Kenya Inflation Rate is projected to trend around 6.30 percent in 2020, according to our econometric models.

Kenya Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 11:20 AM Inflation Rate YoY May 5.49% 6.58% 6.5% 6.7%
2019-06-28 08:30 AM Inflation Rate YoY Jun 5.70% 5.49% 6.40% 5.8%
2019-07-31 09:40 AM Inflation Rate YoY Jul 6.27% 5.7% 6.6% 5.9%
2019-08-30 08:30 AM Inflation Rate YoY Aug 5% 6.27% 5.9%
2019-09-27 09:00 AM Inflation Rate YoY Sep 5% 6.4%
2019-10-30 02:00 PM Inflation Rate YoY Oct 5.8%
2019-11-29 02:00 PM Inflation Rate YoY Nov 5.7%



Kenya Inflation Rate Falls to 5-Month Low of 5%

The annual inflation rate in Kenya decreased to 5.0 percent in August 2019 from 6.3 percent in the previous month. This is the softest inflation rate since March, mainly reflecting weaker food price growth.

Year-on-year, prices rose at a slower pace mainly for food & non-alcoholic beverages (7.1 percent vs 8.5 percent in July); housing & utilities (1.4 percent vs 4.1 percent) and transport (9.5 percent vs 10.5 percent), following a decline in the retail price of super petrol and diesel. Also, cost eased for clothing & footwear (1.8 percent vs 1.9 percent); furnishings & household equipment (1.8 percent vs 1.9 percent); restaurants & hotels (2.3 percent vs 2.8 percent); miscellaneous goods & services (2.5 percent vs 2.8 percent); communication (4.4 percent vs 4.5 percent); health (1.6 percent vs 1.8 percent); education (1.5 percent vs 1.6 percent) and alcoholic beverages & tobacco (6.7 percent vs 9.6 percent). Meantime, inflation remained steady for recreation & culture (0.5 percent).

On a monthly basis, consumer prices inched down 0.9 percent, following a 0.4 percent decrease in the preceding month. Main downward pressure came from food & non-alcoholic beverages (-1.9 percent vs -1.0 percent), mainly attributed to favourable weather conditions. The prices of significant food items including sukuma wiki (kales), potatoes, cabbages, carrots, tomatoes and maize grain loose decreased by 8.01, 7.81, 6.78, 6.01, 4.89 and 2.80 percent, respectively. Also, cost dropped for housing & utilities (-0.1 percent vs 0.1 percent), mainly as a result of the decrease in prices of some cooking fuels. Transport prices decreased by 0.03 percent mainly due to the reduction in pump prices of diesel and petrol by 3.14 and 2.45 percent, respectively. 


Kenya National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/2/2019 7:35:46 AM


News

Kenya Inflation Rate Rises to 3-Month High of 6.27%
Kenya’s annual inflation rate increased to 6.27 percent in July of 2019 from 5.70 percent in the previous month, below market expectations of 6.6 percent. Still, it was the highest inflation since April.
Published on 2019-07-31

Kenya Inflation Rate Rises Less than Expected
Kenya's inflation rate rose slightly to 5.70 percent year-on-year in June 2019 from 5.49 percent in the previous month, but missing market expectations of 6.40 percent.
Published on 2019-06-28

Kenya Inflation Rate Moderates to 5.49% in May
The annual inflation rate in Kenya dropped to 5.49 percent in May 2019 from 6.58 percent in the previous month. Prices slowed mostly for food while they rose further for transport.
Published on 2019-06-04

Kenya Inflation Rate Speeds Up to 6.58% in April
The annual inflation rate in Kenya peaked to 6.58 percent in April 2019 from 4.4 percent in the previous month. It is the highest inflation rate since September 2017, mainly pushed up by prices of food.
Published on 2019-04-30



Kenya Prices Last Previous Highest Lowest Unit
Inflation Rate 5.00 6.27 31.50 3.18 percent [+]
Consumer Price Index CPI 201.78 203.61 205.90 99.00 Index Points [+]
Food Inflation 7.13 8.47 26.20 -1.15 percent [+]
Inflation Rate Mom -0.90 -0.36 3.50 -1.20 percent [+]
Producer Prices 120.99 118.95 120.99 100.00 Index points [+]
Producer Prices Change 1.35 -0.36 6.77 -2.76 percent [+]


Kenya Inflation Rate

In Kenya, the Consumer Price Index (CPI) is based on expenditures of both urban and rural households. The most important categories in the CPI are Food and Non-Alcoholic Beverages (36 percent of total weight); Housing, Water, Electricity, Gas and other Fuels (18.3 percent) and Transport (8.7 percent). Clothing and Footwear account for 7.4 percent of total index and Furnishings, Household Equipment and Routine Household Maintenance for 6.2 percent. Restaurants and Hotels represent 4.5 percent as well as Miscellaneous Goods and Services (4.5 percent). Communication accounts for 3.8 percent of total weight, Health for 3.1 percent and Education for 3.1 percent. Recreation and Culture represent 2.3 percent and Alcoholic Beverages, Tobacco and Narcotics the remaining 2.1 percent. This page provides the latest reported value for - Kenya Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 6.27 31.50 3.18 2005 - 2019 percent Monthly
2009M2=100, NSA




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 2.00 Jul/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.50 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.00 Jul/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 2.10 Jul/19
United States 1.70 Aug/19


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