Leading Economic Indicators- February 2026

The overall Consumer Price Index (CPI) increased from 148.96 in January 2026 to 149.20 in February 2026, as shown in Table 1(a). The annual inflation rate, as measured by the CPI, stood at 4.3 per cent in February 2026, as presented in Table 1(b).
In February 2026, the Kenya Shilling appreciated against the Tanzania Shilling, remained stable against the US Dollar and Uganda Shilling, but depreciated against the Sterling Pound, Euro, Japanese Yen, and South African Rand, as shown in Table 2. The Central Bank of Kenya lowered its benchmark interest rate from 9.00 per cent in January 2026 to 8.75 per cent in February 2026. Consequently, Treasury bill yields declined across all maturities; The 91-day yield fell from 7.72 per cent to 7.62 per cent, the 182-day yield eased marginally from 7.80 per cent to 7.78 per cent, while the 364-day yield declined from 9.20 per cent to 9.07 per cent over the same period, as shown in Table 3