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.

Kenya Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-31 11:00 AM Inflation Rate YoY 5.7% 5.58% 5.6%
2019-01-31 11:00 AM Inflation Rate YoY 4.7% 5.71% 5% 5.3%
2019-02-28 10:55 AM Inflation Rate YoY 4.14% 4.7% 3.9% 4.1%
2019-03-29 11:20 AM Inflation Rate YoY 4.35% 4.14% 4.2% 4.0%
2019-04-30 10:50 AM Inflation Rate YoY 4.35% 4.5%
2019-05-31 07:40 AM Inflation Rate YoY 4.2%
2019-06-28 09:40 AM Inflation Rate YoY 4.4%



Kenya Inflation Rate Rises to 4.35% YoY in March

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.

Year-on-year, prices advanced at a faster pace for food & non-alcoholic beverages (2.84 percent from 1.09 percent in January); transport (10.08 percent from 9.56 percent); health (4.51 percent from 4.47 percent); and alcoholic beverages (7.71 percent from 7.33 percent). On the other hand, cost slowed for housing & utilities (8.19 percent from 12.35 percent); clothing & footwear (2.37 percent from 2.43 percent); furnishings & household equipment (2.95 percent from 3.03 percent); miscellaneous goods & services (3.15 percent from 3.16 percent); and recreation & culture (0.58 percent from 0.83 percent). Additionally, inflation was steady for restaurants & hotels (at 3.04 percent, the same as in February); communication (4.52 percent); and education (1.24 percent).

On a monthly basis, consumer prices increased 1.6 percent, after a 0.82 percent gain in February. It was the highest monthly inflation rate since April 2017, as main upward pressure came from cost of food & non-alcoholic beverages (3.30 percent from 1.70 percent), mostly due to the prevailing draught conditions causing the costs of some foodstuffs; and transport (0.42 percent from -0.50 percent), due to a rise in pump prices of petrol and diesel. Meanwhile, cost of housing & utilities fell 0.06 percent, after rising 0.12 percent in February, mainly due to lower cost of electricity which outweighed increase in house rents and cooking fuels. 


Kenya National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/29/2019 1:10:18 PM


News

Kenya Inflation Rate at 6-Month Low of 4.1% in February
The annual inflation rate in Kenya fell to 4.14 percent in February 2019 from 4.7 percent in the prior month. It is the lowest inflation rate since August, amid a generalized slowdown in prices, in particular for food and transport.
Published on 2019-02-28

Kenya Inflation Rate Hits 5-Month Low of 4.7%
The annual inflation rate in Kenya fell to 4.70 percent in January 2019 from 5.71 percent in the prior month and below market expectations of 5 percent. It is the lowest inflation rate since August, as prices slowed primarily for food, housing & utilities and transport.
Published on 2019-01-31

Kenya Inflation Rate Highest in Over a Year at 5.71%
The annual inflation rate in Kenya rose to 5.71 percent in December 2018 from 5.6 percent in the prior month. It is the highest inflation rate since October 2017, as prices continued to advance for food and non-alcoholic beverages. Meantime, inflation remained elevated for housing & utilities and transport.
Published on 2019-01-02

Kenya Annual Inflation Rate Edges Up to 5.58% in November
The annual inflation rate in Kenya went up to 5.58 percent in November of 2018 from 5.53 in the previous month, mainly due to higher prices of food and non-alcoholic beverages and transport. On a monthly basis, consumer prices went down 0.18 percent, following a 0.79 percent drop in October.
Published on 2018-11-30



Kenya Prices Last Previous Highest Lowest Unit
Inflation Rate 4.35 4.14 31.50 3.18 percent [+]
Consumer Price Index CPI 198.91 195.78 198.91 99.00 Index Points [+]
Food Inflation 2.84 1.09 26.20 -1.15 percent [+]
Inflation Rate Mom 1.60 0.82 3.20 -1.20 percent [+]
Producer Prices 118.95 120.61 120.61 100.00 Index points [+]
Producer Prices Change -0.36 1.47 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.35 4.14 31.50 3.18 2005 - 2019 percent Monthly
2009M2=100, NSA




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.30 Mar/19
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.10 Mar/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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