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Originally published by Capital Business
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business
August 13, 2026
3h ago

CBK sees inflation at 8pc if average oil prices stay at $110 per barrel

CBK sees inflation at 8pc if average oil prices stay at $110 per barrel

Speaking during a post-Monetary Policy Committee briefing, CBK Governor Kamau Thugge said such a rise would push inflation slightly above the Government's target range of between 2.5 and 7.5 percent...

✨ Key Highlights

The Central Bank of Kenya (CBK) predicts that inflation could reach 8 percent if average global oil prices remain at $110 per barrel, potentially exceeding the government's target range.

  • Inflation could rise to 8 percent if oil prices average $110 per barrel due to a prolonged Middle East conflict.
  • The Central Bank of Kenya (CBK), led by Governor Kamau Thugge, made this projection.
  • Kenya's current inflation rate was 6.5 percent in July, driven by increased food and electricity costs.

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