Here are the latest Consumer Price Index and inflation numbers for the month of March 2024 as reported by the Kenya National Bureau of Statistics.

Current Month

Inflation in March 2024 was 5.70 percent. The main drivers of inflation were increases in transportation, housing, and food costs.

Month Trend

Year Trend

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Commentary

As per the Kenya National Bureau of Statistics, “The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 5.7 per cent, in March 2024. This means that in March 2024, the general price level was 5.7 per cent higher than that of March 2023. This was mainly driven by increases in prices of commodities under Transport (9.7%); Housing, Water, Electricity, Gas and other fuels (8.0%); and Food and Non-Alcoholic Beverages (5.8%) between March 2023 and March 2024. These three divisions account for over 57 per cent of the weights of the 13 broad categories.”

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References:

1. KNBS Report for March 2024 - https://www.knbs.or.ke/wp-content/uploads/2024/03/March-2024-CPI-.pdf
2. Central Bank of Kenya statement on twitter - https://twitter.com/CBKKenya/status/1774802899752632629