The annual inflation rate in Kenya accelerated to 7.1% in May of 2022, from 6.5% in the previous month. It was the highest reading since February of 2020, as the cost of food products continued to rise sharply (12.4% vs 12.2% in April), partly affected by the war in Ukraine. Additional upward pressure came from costs of housing & utilities (6% vs 5.5%), transport (6.4% vs 6.9%) and furnishings (7.9% vs 7.2%). On a monthly basis, consumer prices went up 0.8%, slowing from a 1.7% rise in the previous 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 June of 2022.
Inflation Rate in Kenya is expected to be 7.00 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 4.00 percent in 2023 and 4.20 percent in 2024, according to our econometric models.