Kenyan Inflation Eases in August


Kenya annual inflation rate was reported at 5.84 percent in August, down from 6.62 percent in the previous month, as cost of food decreased.

On a year, the biggest upward pressure came from food prices (+9.93 percent, +12.1 percent in July); followed by housing, water, electricity and gas (+2.66 percent, +2.21 percent in July); clothing and footwear (+4.76 percent, +4.9 percent in July); and furnishings and household equipment (+4.1 percent, the same in July). In contrast, cost of transport has dropped (-1.79 percent, -2.46 percent in July).

On a monthly basis, consumer prices decreased to 0.21 percent from 0.29 percent in the previous month, as food and non-alcoholic prices declined by 0.26 percent, due to better weather conditions. While other costs, like gas, electricity and housing, increased by 0.76 percent, driven by depreciating kenyan shilling. 

The central bank targets the annual inflation rate between 2.5 percent and 7.5 percent.


Kenyan Inflation Eases in August


Kenya National Bureau of Statistics | yekaterina@tradingeconomics.com
9/1/2015 10:04:33 AM