Kenya Inflation Rate Highest Since June 2012


Consumer prices in Kenya increased 9.04 percent year-on-year in February of 2017, following a 6.99 percent rise in the previous month. It was the highest inflation rate since June of 2012 as prices continued to rise sharply for food, caused by drought.

Compared to February of 2016, prices advanced faster for: food and non-alcoholic drinks (16.5 percent compared to 12.54 percent in January), housing and utilities (2.33 percent from 0.07 percent), transport (4.26 percent from 1.85 percent) and clothing and footwear (4.32 percent from 4.04 percent). Additional upward pressure came from: furnishing and household equipment (3.04 percent from 2.95 percent), miscellaneous goods and services (3.34 percent from percent 3.56 percent), restaurants and hotels (4.32 percent from 4.5 percent) and alcoholic drinks, tobacco and narcotics (3.5 percent from 2.87 percent).

Month-on-month, consumer prices rose 1.72 percent following 1 percent gain in the previous month. Cost went up the most for food and non-alcoholic beverages (3.28 percent from 1.66 percent in the previous month), namely collard greens, maize flour, milk, cabbages, spinach, potatoes and maize grain. Also, cost rose at a faster pace for housing, water, electricity, gas and other fuels (0.4 percent from 0.33 percent) mainly due to increases in electricity, house rents and charcoal; and transport (0.74 percent from 0.6 percent).

Kenya National Bureau of Statistics | Deborah Neves | deborah.neves@tradingeconomics.com
3/2/2017 1:11:25 PM