Kenya KNBS Inflation & Purchasing Power Tracker
Model KNBS CPI purchasing-power erosion, COICOP household baskets, and after-tax Fisher real returns across Kenyan SACCOs and bonds.
Erosion of KES 201,377 (20.1% real loss)
Cumulative CPI: +25.2% over 5 yrs
Real wealth gain: +KES 491,046 (net of 5% WHT)
Inflation & Real Return Parameters
Calibrate capital, horizon, KNBS headline CPI, and statutory yields.
KNBS Official CPI Basket
COICOP expenditure weights & effective inflation sensitivity
Statutory Tax Arbitrage (Income Tax Act Cap 470)
SACCO dividends carry a concessionary 5% Withholding Tax versus 15% WHT on Treasury Bills and MMFs, preserving +8.32% in annual Fisher real purchasing power.
Kenyan Asset Class Real Return Leaderboard (Fisher Equation After-WHT)
Exact real return: (1 + Net Nominal Yield) ÷ (1 + 4.60% Effective CPI) − 1 over 5 years on KES 1,000,000.
| Instrument / Asset Class | Gross APR | Statutory WHT | Net Nominal | Fisher Real Yield | Real Purchasing Power (5Y) | Real Wealth Gain / Loss |
|---|---|---|---|---|---|---|
CBK Infrastructure Bond (IFB) CBK / Tax-Exempt (0% WHT) | 14.50% | 0% | 14.50% | +9.46% | KES 1,571,698 | +KES 571,698 |
Tier-1 SACCO Deposits & Rebates SASRA Regulated (5% WHT) | 14.00% | 5% | 13.30% | +8.32% | KES 1,491,046 | +KES 491,046 |
CBK 364-Day Treasury Bill CBK DhowCSD (15% WHT) | 14.80% | 15% | 12.58% | +7.63% | KES 1,444,268 | +KES 444,268 |
CMA Money Market Fund (MMF) CMA Licensed (15% WHT) | 13.50% | 15% | 11.48% | +6.58% | KES 1,375,075 | +KES 375,075 |
Commercial Bank Savings Account CBK Commercial Bank (15% WHT) | 4.50% | 15% | 3.83% | -0.74% | KES 963,731 | KES -36,269 |
Uninvested Cash / Current Account 0% Nominal Yield | 0.00% | 0% | 0.00% | -4.40% | KES 798,623 | KES -201,377 |
10-Year Historical KNBS CPI, Food & Fuel Inflation vs. CBK Central Bank Rate (2016–2026)
Click any historical year to load its headline KNBS inflation rate into the simulator.
| Year | Headline CPI | Food CPI | Fuel & Energy | Core CPI | CBK CBR | CBK MPC Regime |
|---|---|---|---|---|---|---|
| 2016 | 6.3% | 10.1% | 4.2% | 4.9% | 10.00% | Within 2.5%–7.5% Band |
| 2017 | 8.0% | 13.5% | 6.1% | 4.4% | 10.00% | Above 7.5% Upper Bound |
| 2018 | 4.7% | 1.8% | 11.2% | 3.9% | 9.00% | Within 2.5%–7.5% Band |
| 2019 | 5.2% | 6.9% | 5.8% | 3.5% | 8.50% | Within 2.5%–7.5% Band |
| 2020 | 5.4% | 9.1% | 4.6% | 3.2% | 7.00% | Within 2.5%–7.5% Band |
| 2021 | 6.1% | 8.5% | 8.9% | 3.8% | 7.00% | Within 2.5%–7.5% Band |
| 2022 | 7.7% | 13.1% | 11.8% | 4.9% | 8.75% | Above 7.5% Upper Bound |
| 2023 | 7.7% | 9.7% | 13.4% | 5.3% | 12.50% | Above 7.5% Upper Bound |
| 2024 | 4.5% | 5.6% | 6.2% | 3.6% | 11.25% | Within 2.5%–7.5% Band |
| 2025 | 4.2% | 5.4% | 4.8% | 3.4% | 10.75% | Within 2.5%–7.5% Band |
| 2026 | 4.6% | 5.8% | 5.1% | 3.7% | 10.50% | Within 2.5%–7.5% Band |