The annual inflation rate in Kenya peaked to 6.58 percent in April 2019 from 4.4 percent in the previous month. It is the highest inflation rate since September 2017, mainly pushed up by prices of food (8.2 percent vs 2.8 percent in March) and transport (10.8 percent vs 10.1 percent). On a monthly basis, consumer prices advanced 3.51 percent, up from 1.60 percent in the previous month. Inflation Rate in Kenya averaged 9.59 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 6.80 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 6.40 percent in 2020, according to our econometric models.