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Global economists lower Kenya’s inflation outlook
The subdued growth in borrowing is reflected in slowed demand for goods and services as suggested by findings of the Stanbic Kenya Purchasing Managers Index (PMI) for May.
Analysts working with select global institutions have lowered the inflation outlook for Kenya, citing slower growth in private sector spending which they see neutralising price pressures emanating from projected weaker agricultural harvests.
Kenya’s inflation— a measure of growth in the average cost of goods and services over the previous year — has held below 5 percent since June 2024.
