Kenya Inflation Rate Edges Down in October


Kenyan annual inflation rate decelerated for the second consecutive month to 6.43 percent, from 6.6 percent recorded in September of 2014 as food, electricity and gas prices slowed.

Year-on-year, transport cost increased the most by 10.11 percent, but slowed from a 10.37 percent rise in September. Food prices rose at a slower 8.16 percent (8.4 percent in September) and cost of housing, water, electricity and gas eased to 5.42 percent (5.5 percent in the previous month).

On a monthly basis, consumer prices declined 0.21 percent in October, following a 0.15 percent increase in September. The food and non-alcoholic drinks’ index decreased by 0.45 percent, as prices of several food commodities fell and the housing, water, electricity, gas and other fuels’ index declined 0.23 percent, mainly due to a drop in cost of cooking fuels. Electricity prices were lower due to a reduction in fuel cost and forex adjustment charges. The transport index decreased by 0.29 percent mainly due a fall in pump prices of petrol and diesel. 

Kenya Inflation Rate Edges Down in October


Kenya National Bureau of Statistics | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/3/2014 12:18:32 PM