The annual inflation rate in Kenya eased for the third month in a row to 5.73% in December of 2021, from 5.8% in the prior month. It was the lowest rate since January, mainly due to a slowdown in prices of food & non-alcoholic beverages (9.1% vs 9.9% in November), namely tomatoes (6.7% vs 15.1%). At the same time, transport costs rose 8.1%, the same as in the prior month, as gasoline and diesel prices remained steady due to the fuel subsidies. On a monthly basis, consumer prices inched up 0.91%, the biggest increase in a year, after a 0.45% rise in the previous month. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya averaged 8.96 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 January of 2022.
Inflation Rate in Kenya is expected to be 5.60 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.