Kenya Inflation Rate at 6-Month Low

Consumer prices in Kenya rose 6.45 percent year-on-year in March of 2016, compared to a 6.84 percent jump in the previous month and matching market forecasts of 6.5 percent. It is the lowest figure since September last year, as food inflation slowed.
Kenya National Bureau of Statistics | Mojdeh Kazemi | mojdeh@tradingeconomics.com 3/31/2016 6:44:01 PM

Year-on-year, cost of food and non-alcoholic beverages went up by 9.41 percent (+10.77 percent in February); housing, water, electricity, gas and other fuels rose by 3.45 percent (+2.79 percent in February); clothing and footwear increased by 4.71 percent (+4.64 percent in February); furnishings by 4.76 percent (4.63 percent in February) and hotels and restaurants by 5.86 percent (+6 percent in February). Meanwhile, transport prices decreased by 0.31 percent (-0.31 percent in February).

On a monthly basis, consumer prices increased 0.76 percent, following a 0.42 percent decline in the previous month. Food and non-alcoholic beverages was the main contributor to the rise (+1.39 percent from -0.43 percent in February), followed by housing (0.58 percent from -1.81 percent) while transport cost fell by 0.34 percent from a 1.62 percent drop in the previous month.

Kenya Inflation Rate at 6-Month Low