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Originally published by Capital Business
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business
April 16, 2026
6h ago

CBK sees inflation peaking at 6.2pc in July on Iran war

CBK sees inflation peaking at 6.2pc in July on Iran war

CBK Governor Kamau Thugge said the inflation outlook has been revised upwards due to the oil price shock, though pressures are expected to ease over time. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Central Bank of Kenya (CBK) projects inflation could peak at 6.2 percent in July 2026 due to the ongoing Iran conflict, which is driving up oil prices.

  • Inflation forecast revised upwards to peak at 6.2% in July 2026 if the Iran conflict persists for three months.
  • CBK Governor Kamau Thugge cited oil price shock as the primary driver.
  • Despite earlier fuel price hikes and VAT cuts, the government has further reduced VAT on petroleum products to 8% to cushion consumers.

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