Kenya Inflation Rate Accelerates in May


Kenyan annual inflation accelerated to 7.3 percent in May of 2014 from 6.4 percent in the previous month, mainly due to higher cost of food and transport.

In May of 2014, prices accelerated for transport (11.37 percent from 8.76 percent), recreation and culture (12.62 percent from 12.58 percent), food and non-alcoholic beverages (8.89 percent yoy from 8.09 percent in April), health (7.05 percent from 6.64 percent), restaurants and hotels (7.02 percent from 6.22 percent), alcoholic beverages, tobacco and narcotics (6.93 percent from 6.71 percent), housing, water, electricity, gas and other fuels (6.44 percent from 4.47 percent), clothing and footwear (5.03 percent from 4.71 percent) and education (5.71 percent from 5.62 percent).

In contrast, lower cost was registered for furnishings, household equipment and maintenance (5.28 percent from 5.39 percent).

On a monthly basis, consumer prices eased to 1.25 percent in May of 2014, following a 1.66 percent increase in the previous month. Prices of food and non-alcoholic drinks increased 1.25 percent, due mostly to higher cost of maize flour, potatoes and sukuma wiki. These price increases, outweighed falls in cost of sugar, milk, among other items.

Kenya Inflation Rate Accelerates in May


Kenya National Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
5/30/2014 5:08:40 PM