Annual inflation rate in Kenya increased to 8.3% in July of 2022, the highest reading since June of 2017, from 7.9% in June. Mian upward pressure came from prices of food and non-alcoholic beverages (15.3%), namely carrots, maize, white rice and beans. Transport prices were up 7% and housing and utilities 5.6%. Compared to the previous month, the CPI was up 0.7%. 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 August of 2022.
Inflation Rate in Kenya is expected to be 8.50 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.