The annual inflation rate in Kenya picked up to 7.9% in June of 2022, breaching the upper limit of the central bank’s target range of 2.5%-7.5% for the first time since August of 2017. Inflation has been rising since March as a consequence of disruptions caused by the war in Ukraine. That said, upward pressure came mostly from prices of food & non-alcoholic beverages (13.8% vs 12.4% in May); transport (7.1% vs 6.4%) and housing & utilities (6.8% vs 6%). On a monthly basis, consumer prices were up 0.9%, after increasing 0.8% in the prior month. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya averaged 8.88 percent from 2005 until 2022, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Inflation Rate in Kenya is expected to be 7.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Inflation Rate is projected to trend around 5.00 percent in 2023 and 4.20 percent in 2024, according to our econometric models.