The annual inflation rate dropped to 6.06 percent in March of 2020 from 6.37 percent in the previous month. The country rebased the year it uses to calculate inflation to February 2019 from February 2009, in order to better reflect changing consumer trends. On a monthly basis, consumer prices went up 0.18 percent, down sharply from 1.80 percent in the prior month, amid lower prices of some food items such as tomatoes (-6.06 percent) and spinach (-4.87 percent).
Inflation Rate in Kenya averaged 9.34 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 April of 2020. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya is expected to be 6.80 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 2021 and 5.40 percent in 2022, according to our econometric models.