Inflation Kenya 2023
Average inflation: 7.7%
Current Inflation
Inflation is very high at 7.7%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 9.2%. The lowest inflation was in December at 6.6%.
- Highest month
- February: 9.2%
- Lowest month
- December: 6.6%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 9.9%. The lowest price increase was in Energy with an average of 7.6%.
- Highest increase
- Food: 9.9%
- Lowest increase
- Energy: 7.6%
Historical Context
Current inflation is 1.3% higher than the 5-year average of 6.4%.
- 5-year average
- 6.4%
- 10-year average
- 6.5%
- All-time high (2011)
- 14%
- All-time low (2010)
- 3.8%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +0.1 percentage point.
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- February: +4.1 percentage points
ECB Target
Inflation is 5.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 9.0% | +3.6 |
| February | 9.2% | +4.1 |
| March | 9.2% | +3.6 |
| April | 7.9% | +1.4 |
| May | 8.0% | +0.9 |
| June | 7.9% | 0.0 |
| July | 7.3% | -1.0 |
| August | 6.7% | -1.8 |
| September | 6.8% | -2.4 |
| October | 6.9% | -2.7 |
| November | 6.8% | -2.7 |
| December | 6.6% | -2.5 |
| Average | 7.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.