The annual inflation rate in Kenya rose to 6.57 percent in August of 2021 from an upwardly revised 6.55 percent in July, the highest rate since February 2020 but still within the central bank’s target of 2.5 percent to 7.5 percent. Main upward pressure came from prices of food & non-alcoholic beverages (10.67 percent vs 8.84 percent in July), of which cabbages, spinach and oranges; transport (7.93 percent vs 10.33 percent) and housing & utilities (5.07 percent vs 8.84 percent), amid recent hikes in cooking fuel and electricity prices, as well as house rentals. On a monthly basis, consumer prices were up 0.2 percent, similar to the previous month. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya averaged 9.01 percent from 2005 until 2021, 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 September of 2021.
Inflation Rate in Kenya is expected to be 6.00 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 5.00 percent in 2022 and 4.80 percent in 2023, according to our econometric models.