Abstract
Aim: This study aimed to analyze the influence of monetary factors on inflation in Kenya.
 Study Design: Correlational research design was employed to analyze the relationship between inflation and monetary factors in Kenya.
 Methodology: Monthly time series data from Central Bank of Kenya spanning from 2005 to 2018 was used for analysis using Variance decomposition, impulse response and Granger causality techniques.
 Results: Results indicated that total money supply had a positive influence on inflation that was highly influenced by extended broad money.
 Conclusion: The study concluded that imports influence inflation in Kenya but commercial imports highly determined total imports influence on inflation in Kenya.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have