Kenya Inflation Rate Rises to 4.35% YoY in July


The annual inflation rate in Kenya rose to 4.35 percent in July of 2018 from a 4.28 percent June, reaching its highest level since February. Prices increased faster mostly due to housing and utilities and transport. On a monthly basis, consumer prices fell 0.89 percent in July, unchanged from the previous month.

Year-on-year, cost advanced further for housing & utilities (14.40 percent compared to 14.17 percent in June); transport (8.45 percent compared to 7.47 percent); furnishings and household equipment (4.66 percent compared to 4.64 percent); health (6.18 percent compared to 4.22 percent) and alcoholic beverages & tobacco (2.86 percent compared to 2.77 percent). On the other hand, cost slowed for food and non-alcoholic beverages (0.53 percent compared to 0.90 percent); clothing & footwear (4.10 percent compared to 4.17 percent); restaurants & hotels (4.75 percent compared to 4.77 percent); miscellanous goods & services (4.01 percent compared to 4.12 percent); communications (0.82 percent compared to 0.85 percent) and recreation & culture (1.45 percent compared to 1.52 percent). Also, inflation was steady for education (5.11 percent, the same as in June).

On a monthly basis, consumer prices declined 0.89 percent, the same as in the previous month. Prices decreased for food & non-alcoholic beverages (-2.40 percent compared to -2.20 percent), driven by a drop in prices of some foodstuffs, mainly tomatoes  (-21.67 percent), maize grain loose (-3.04 percent) and beans (-1.74 percent). Additionally, cost eased for housing & utilities (0.12 percent compared to 0.52 percent). In contrast, cost of transport went up at a faster pace (0.62 percent compared to 0.37 percent), boosted by an increase in the pump price of petrol (3.10 percent).

Kenya Inflation Rate Rises to 4.35% YoY in July


Kenya National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/1/2018 9:17:35 AM