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.

Kenya Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 08:20 AM Inflation Rate YoY 6.58% 4.35% 4.3% 4.5%
2019-05-31 08:00 AM Inflation Rate YoY 6.58% 6.40% 6.8%
2019-06-28 09:40 AM Inflation Rate YoY 6.6%
2019-07-31 02:20 PM Inflation Rate YoY 6.6%



Kenya Inflation Rate Speeds Up to 6.58% in April

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.

Year-on-year, prices increased faster for food & non-alcoholic beverages (8.17 percent vs 2.84 percent in March) mainly impacted by prolonged drought conditions. Also, inflation quickened for transport (10.84 percent vs 10.08 percent), amid a rebound in prices of diesel (4.30 percent vs -1.37 percent). Additional upward pressure came from cost of restaurants & hotels (3.23 percent vs 3.04 percent); communication (4.56 percent vs 4.52 percent); health (4.55 percent vs 4.51 percent); education (1.45 percent vs 1.24 percent); recreation & culture (0.69 percent vs 0.58 percent) and alcoholic beverages & tobacco (8.83 percent vs 7.71 percent).

On the other hand, cost slowed for housing & utilities (5.78 percent vs 8.19 percent), namely electricity 50 kWh (4.4 percent vs 6.44 percent) and electricity 200 kWh (4.5 percent vs 5.95 percent). Also, prices rose less for clothing & footwear (2.33 percent vs 2.37 percent); furnishings (2.50 percent vs 2.95 percent) and miscellaneous goods & services (3.07 percent vs 3.15 percent). 

On a monthly basis, consumer prices inched up 3.51 percent, after a 1.60 percent increase in the previous month. It is the highest monthly inflation rate since at least February 2010, mainly due to prices of food & non-alcoholic beverages (6.86 percent vs 3.30 percent), of which sifted maize flour (29.82 percent), Kales (sukuma wiki) (25.30 percent), potatoes (19.27 percent), loose maize grain (26.14 percent), flour (15.90 percent) and tomatoes (15.31 percent).


Kenya National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/30/2019 3:31:21 PM



Kenya Prices Last Previous Highest Lowest Unit
Inflation Rate 6.58 4.35 31.50 3.18 percent [+]
Consumer Price Index CPI 205.90 198.91 205.90 99.00 Index Points [+]
Food Inflation 8.20 2.84 26.20 -1.15 percent [+]
Inflation Rate Mom 3.50 1.60 3.50 -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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.58 4.35 31.50 3.18 2005 - 2019 percent Monthly
2009M2=100, NSA




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


Related

Latest