Kenya Inflation Rate Slows to 6.26% in July
Consumer prices in Kenya increased 6.26 percent year-on-year in August of 2016, following a 6.4 percent rise in July. The figure came below forecasts of 6.77 percent jump as housing and utilities cost rose at slower pace while transport prices fell.
8/31/2016 4:04:31 PM
Compared to August 2015, prices of food and non-alcoholic beverages went up 10.85 percent (+10.8 percent in July), housing, water, electricity, gas and other fuels increased 0.25 percent (+0.9 percent) . Other upward pressure came from clothing and footwear (+3.7 percent from +3.5 percent); furnishings and household equipment (+3.8 percent from +3.5 percent) and hotels and restaurants (+5.5 percent from +5.1 percent). In contrast, transport prices fell by 0.07 percent (+0.8 percent in July)
On a monthly basis, consumer prices rose slightly by 0.08 percent following a 0.6 percent increase in the previous month. Food cost fell 0.19 percent (+1.1 percent in July), while transport prices rose by 0.5 percent (+1.1 percent) and housing, water, electricity, gas and other fuels edged up 0.09 percent (+0.15 percent).