Kenya Inflation Rate Highest in Nine Months in June


In June of 2013, Kenyan annual inflation rate increased to 4.91 percent from 4.05 percent in May, boosted by higher prices of food, clothes, footwear and restaurants and hotels.


On the year-over-year basis, prices for restaurants and hotels recorded the highest increase (up by 14.6 percent), followed by food and non-alcoholic beverages (up by 12.9 percent) and clothing and footwear (12.3 percent). Prices of furnishings, household equipment and routine household maintenance went up by 11 percent; miscellaneous goods and services by 10.6 percent; education by 10.5 percent and housing, water, electricity, gas and other fuels by 9.17 percent.

On the month-over-month basis, the inflation rate eased to 0.05 percent, from 0.17 percent in April. Cost of food and non-alcoholic drinks increased by 0.18 percent. Housing, water, electricity, gas and other fuels’ index, declined by 0.03 percent, mainly due to fall in the cost of electricity. Transport index decreased by 0.66 percent, mainly due to reduction on the pump prices of petrol and diesel.

Kenya Inflation Rate Highest in Nine Months in June


Joana Taborda | joana.taborda@tradingeconomics.com
6/28/2013 5:47:54 PM