Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Kenya
Consumer price inflation in Kenya averaged 6.3% in the ten years to 2024, in line with the Sub-Saharan Africa regional average of 10.8%. The 2024 average figure was 4.5%. For more information on inflation, visit our dedicated page.
Kenya Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kenya from 2024 to 2023.
Source: Macrobond.
Kenya Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.4 | 6.1 | 7.7 | 7.7 | 4.5 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 5.7 | 9.1 | 6.6 | 3.0 |
Inflation ticks up for third month in August
Latest reading: In August, inflation rose to 4.5% following July’s 4.1%, and marking a third consecutive increase. August's reading represented the highest reading since June 2024. Looking at the details of the release, the increase was largely driven by faster increases in price pressures for transport plus food and non-alcoholic beverages—which make up a third of the consumer price index basket; staple foods such as vegetables and corn rose at a faster clip. Still, housing and utility costs rose at a slower clip. As a result, annual average inflation ticked up to 3.6% in August (July: 3.5%). Lastly, consumer prices rose 0.32% in August over the previous month, following July's 0.11% rise.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kenyan inflation projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Kenyan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kenyan inflation projections.
Want to get access to the full dataset of Kenyan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Kuwait: Inflation increases in July -
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Lithuania: Harmonized inflation increases in July Latest reading: Harmonized inflation ticked up to 3.4% in July from June’s 3.2%. Looking at the details of the release,... -
Ireland: Harmonized inflation steadies in July Latest reading: Harmonized inflation was stable at June’s 1.6% in July. Looking at the details of the release, prices for...