CBK Sees Inflation Peaking at 6.2pc in July on Iran War - April 2026

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. Deputy President Kithure Kindiki stated that the recent increase in fuel prices is not due to government policy but is a consequence of the ongoing war in Iran. Meanwhile, China's economy has demonstrated stronger-than-expected growth of 5 percent in the first quarter, defying global economic disruptions including the conflict involving Iran.