Kenya's Consumer Price Index (CPI) saw a small but notable increase in May 2024, moving from 5.00% in April to 5.10%. This data update comes as of May 31, 2024, providing a year-over-year comparison that reflects the country's inflationary trends over the past 12 months.
The moderate rise in CPI suggests a slight uptick in the inflation rate, but the increase remains fairly contained. In April, the annual comparison also indicated a 5.00% increase, highlighting some consistency in price movements over recent months. The May figure, however, points to emerging pressures that may influence the cost of living incrementally more than in the prior month.
Economists are keeping a close eye on such changes, as even modest variations in CPI can signal shifts in economic momentum, consumer purchasing power, and potential future monetary policy adjustments. The observed growth may prompt further assessments of underpinning factors and their probable impacts on Kenya’s broader economic landscape.
