The annual inflation rate in Kenya rose for the third straight month to 5.62 percent in December of 2020, its highest level since April. Main upward pressure came from prices of food & non-alcoholic beverages (7.19 percent vs 6.09 percent in November); transport (13.21 percent vs 12.87 percent); restaurants & hotels (5.48 percent vs 5.23 percent) and health (4.53 percent vs 4.17 percent). On a monthly basis, consumer prices were up 0.98 percent, after increasing 1.19 percent in the previous month. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya averaged 9.13 percent from 2005 until 2020, 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 2021.
Inflation Rate in Kenya is expected to be 5.70 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 5.20 in 12 months time. In the long-term, the Kenya Inflation Rate is projected to trend around 5.20 percent in 2021 and 5.30 percent in 2022, according to our econometric models.