Kenyan Inflation Rate At 15-Month High


Kenyan annual inflation rate accelerated to 7.32 percent in November of 2015, after a 6.72 percent growth reported in the previous month and above market expectations. It is the highest inflation rate since August of 2014, boosted by increasing cost of food, housing and utilities.

Year-on-year, cost of food and non-alcoholic beverages increased by 12.67 percent (+11.27 percent in October); housing, water, electricity, gas and other fuels by 4.18 percent (+3.96 percent in October) while prices of clothing and footwear (+4.53 percent from +4.75 percent in October); and hotels and restaurants (+4.62 percent from +4.9 percent) rose at a slower pace. By contrast, downward pressure came from transport cost (-1.25 percent from -1.45 percent in October).

On a monthly basis, consumer prices increased 0.52 percent, following a 0.50 percent growth in the previous month, as food and non-alcoholic beverages’ prices went up by 1.08 percent after rising 0.88 percent in October. By contrast, prices of housing and utilities dropped by 0.13 percent (+0.69 percent in the previous month).

Kenyan Inflation Rate At 15-Month High


Kenya National Bureau of Statistics | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/1/2015 2:47:03 PM