The annual inflation rate in Kenya rose for the sixth straight month to 5.90% in March of 2021 from 5.78% in the previous month. It was the highest inflation rate since last April, mainly pushed up by transport prices (18.12% vs 16.73% in February), of which petrol (10.34% vs 3.06%), diesel (5.83% vs -2.40%) and kerosene (2.47% vs -9.92%) amid a recent hike in fuel prices as a result of the rising cost of importing oil products. Additional upward pressure came from prices of food & non-alcoholic beverages (6.65% vs 6.93%); housing & utilities (4.01% vs 3.38%); health (4.12% vs 4.34%) and restaurants & hotels (4% vs 4.01%). On a monthly basis, consumer prices were up 0.40%, slowing from a 0.7% increase in the previous month. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya averaged 9.09 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 April of 2021.
Inflation Rate in Kenya is expected to be 5.90 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 5.30 percent in 2022 and 4.80 percent in 2023, according to our econometric models.