Kenya Inflation Rate Lowest Since June 2013

Consumer prices in Kenya went up 5.27 percent year-on-year in April of 2016, from a 6.45 percent increase in March, beating market expectation of 6.11 percent rise. It was the lowest figure since June 2013, led by slower increase in food cost.
Kenya National Bureau of Statistics | Mojdeh Kazemi | mojdeh@tradingeconomics.com 5/2/2016 6:28:11 PM
Year-on-year, prices of food and non-alcoholic beverages (+6.84 percent from +9.41 percent in March); housing, water, electricity, gas and other fuels (+3.37 percent from +3.45 percent); furnishings (+4.5 percent from +4.76 percent) and hotels and restaurants (+5.45 percent from +5.86 percent) went up at a slower pace. Meantime, clothing and footwear (+4.86 percent from +4.71 percent) rose at a faster pace but transport prices (-0.74 percent from -0.31 percent) decreased further.

On a monthly basis, consumer prices rose slightly by 0.69 percent following a 0.76 percent increase in the previous month. Food inflation went up 1.5 percent (+1.39 percent in March) and housing, water, electricity, gas and other fuels rose 0.15 percent (+0.58 percent). In contrast, transport cost edged down by 0.42 percent from a 0.34 percent fall in March.

Kenya Inflation Rate Lowest Since June 2013