Kenya Inflation Rate Slows Sharply in September


Kenyan annual inflation rate slowed for the first time in six months to 6.6 percent in September of 2014 from 8.36 percent in August, as the effects from last year’s sales tax increase seems to be fading out.

Year-on-year, transport cost increased the most by 10.37 percent in September, but slowed from an 11.68 percent rise in August. Food prices increased at a slower 8.4 percent (10.85 percent in August) and cost of housing, water, electricity and gas eased to 5.5 percent (6.98 percent in the previous month).

On a monthly basis, consumer prices increased 0.58 percent in September, down from a 0.94 percent increase in August. The food and non-alcoholic drinks’ index increased by 0.58 percent and the housing, water, electricity, gas and other fuels’ index fell 0.52 percent, mainly due to a drop in cost of kerosene and electricity. Electricity prices were lower due to a reduction in fuel cost and forex adjustment charges. The transport index decreased by 0.41 percent mainly due a fall in pump prices of petrol and diesel.

Kenya Inflation Rate Slows Sharply in September


Joana Taborda | joana.taborda@tradingeconomics.com
9/29/2014 7:03:37 PM