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Inflation Rate Trends and Forecast for Kenya from 1990 to 2029

Inflation Rate Trends and Forecast for Kenya from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Kenya from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Kenya
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Kenya experienced severe inflation in the early 1990s, with rates peaking at 46.0% in 1993 due to political instability and economic mismanagement. Inflation moderated to single digits by the late 1990s, but spikes occurred in 2008 (15.1%) and 2011 (14.0%) due to drought and rising food prices.

In 2023, inflation stood at 7.7%, reflecting global economic pressures. Forecasts predict a decline to 5.0% by 2028, signaling improved economic stability and effective policy interventions.

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