Kenya Inflation Rate Slows to 7.8% in January



Consumer prices in Kenya increased 7.78 percent year-on-year in January of 2016, compared to a 8.0 percent growth in the previous month and slightly below market expectations. The upward pressure came mostly from food and non-alcoholic drinks, driven by el Nino weather phenomenon, which brought heavy rains and caused problems in transportation and agricultural sector.

Year-on-year, cost of food and non-alcoholic beverages increased by 12.71 percent (+13.26 percent in December); housing, water, electricity, gas and other fuels by 4.56 percent (+4.81 percent in December); clothing and footwear by 4.88 percent (+5.04 percent in December); furnishings by 4.95 percent (4.86 percent in December) and hotels and restaurants by 4.48 percent (+5.29 percent in December). By contrast, transport cost fell 0.24 percent (-0.69 percent in December).

On a monthly basis, consumer prices increased 0.39 percent, following a 1.07 percent growth in the previous month, as food and non-alcoholic beverages’ prices slowed to 0.47 percent growth (+1.23 percent in December) and housing slowed to 0.31 percent (+0.55 percent in December). Meantime, prices of transport went down by 0.94 percent (+1.48 percent in the previous month).

Kenya Inflation Rate Slows to 7.8% in January


Kenya National Bureau of Statistics | Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/1/2016 10:45:24 AM