The annual inflation rate in Kenya stood at a ten-month low of 4.36 percent in August of 2020, unchanged from July. Prices remained little-changed for clothing & footwear (2.03% vs 2.08% in July); furnishings (1.20% vs 1.12%); recreation & culture (2.88% vs 2.81%) and miscellaneous goods & services (2.15% vs 2.11%). Also, inflation slowed for food & non-alcoholic beverages (5.43% vs 6.62%). In contrast, prices advanced faster for transport (13.07% vs 11.12%) and housing & utilities (2.11% vs 1.06%), amid recent hikes in costs of petrol, diesel and kerosene. On a monthly basis, consumer prices were up 0.2 percent, after increasing 0.08 percent in the prior month.
Inflation Rate in Kenya averaged 9.22 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 September of 2020. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya is expected to be 4.70 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 5.10 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.