The annual inflation rate in Kenya rose to 4.35 percent in March 2019 from 4.14 percent in the previous month and above market expectations of 4.2 percent. Prices went up further mainly due to food & non-alcoholic beverages and transport. On a monthly basis, consumer prices increased 1.6 percent, after a 0.82 percent gain in February. Inflation Rate in Kenya averaged 9.61 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 4.00 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 6.10 in 12 months time. In the long-term, the Kenya Inflation Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.