The annual inflation rate in Kenya fell to 4.36 percent in July 2020 from 4.59 percent in the previous month. It was the lowest jobless rate since September last year, as prices eased for food & non-alcoholic beverages (6.6 percent from 8.1 percent in June); housing & utilities (1.1 percent from 1.4 percent); restaurants & hotels (1.5 percent from 1.9 percent); furnishings & household equipment (1.12 percent vs 1.33 percent); alcoholic beverages & tobacco (5.9 percent from 6.8 percent); and recreation & culture (2.8 percent from 3 percent). In contrast, cost advanced further for transport (11.1 percent from 6.9 percent); education (1.9 percent from 1.1 percent) and health (1.8 percent from 1.3 percent). On a monthly basis, consumer prices rose 0.08 percent, rebounding from a 0.31 percent drop in the prior month.
Inflation Rate in Kenya averaged 9.25 percent from 2005 until 2020, 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 August of 2020. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya is expected to be 5.80 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 5.10 in 12 months time. In the long-term, the Kenya Inflation Rate is projected to trend around 5.20 percent in 2021 and 5.30 percent in 2022, according to our econometric models.