Inflation Rate 2024 In Kenya. This was attributed to the monetary policy deployed by the central bank of kenya. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.
The 2022 average figure was 7.7%. Inflation is expected to inch up in the first half of 2024, driven primarily by global oil price volatility and exchange rate passthrough, but to remain contained due to the recent monetary policy tightening and as the authorities strive to deliver a stronger fiscal consolidation to stabilize the overall public debt/gdp in 2024.
Data Published Monthly By National Bureau Of Statistics.
Kenya inflation rate for 2022 was 7.66%, a 1.55% increase from 2021.
Inflation As Measured By The Consumer Price Index Reflects The Annual Percentage Change In The Cost To The Average Consumer Of Acquiring A Basket Of Goods And Services That May Be Fixed Or Changed At Specified Intervals, Such As Yearly.
The annual inflation rate in kenya accelerated to 5.1% in may 2024, rebounding from the previous month’s softest reading of 5% since october 2020.
Inflation Rate 2024 In Kenya Images References :
The Annual Inflation Rate In Kenya Accelerated To 5.1% In May 2024, Rebounding From The Previous Month's Softest Reading Of 5% Since October 2020.
Data on consumer price indices (cpis) are collected by the kenya national bureau of statistics (knbs) on a monthly basis.
Inflation Forecasts And Outlook For Kenya.
Inflation rate of kenya fell gradually from 8.1 % in may 2023 to 5 % last month.