The Kenya Consumer Price Index and Inflation Report December 2024

Abstract

The year-on-year headline inflation as measured by the Consumer Price Index (CPI) was 3.0 per cent in December 2024. This means that the general price level was 3.0 per cent higher in December 2024 than it was in December 2023. The price increase was mainly driven by the rise in prices of commodities under Food and Non-Alcoholic Beverages (4.8%); and Transport (0.2%) between December 2023 and December 2024. However, the commodity prices in Housing, Water, Electricity, Gas and other fuels declined by 0.2 per cent between between December 2023 and December 2024. These three divisions account for over 57 per cent of the weights of the 13 broad categories.