The annual inflation rate in Kenya was at 9.5% in November of 2022, holding close to a near 5-1/2-year high of 9.6% in the previous month but below market estimates of 10.1%. Prices slowed down a bit for food & non-alcoholic beverages (15.4% vs 15.8% in October); furnishings & household equipment (10.6% vs 10.9%) and housing & utilities (6.1% vs 7.1%). Conversely, prices continued to climb mostly for transportation (11.7% vs 11.6%), alcoholic beverages & tobacco (7.2% vs 6.7%); restaurants & hotels (6.2% vs 5.3%) and personal care, social protection and miscellaneous goods and services (7% vs 6.1%). On a monthly basis, consumer prices increased by 0.3%, down from 0.9% in the previous month. source: Kenya National Bureau of Statistics
Inflation Rate in Kenya averaged 8.88 percent from 2005 until 2022, 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 December of 2022.
Inflation Rate in Kenya is expected to be 9.40 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 2023 and 4.20 percent in 2024, according to our econometric models.