Kenya Inflation Rate Lowest Since 2013



Consumer prices in Kenya increased 4.46 percent year-on-year in February of 2018, easing from a 4.83 percent gain in the previous month. It was the lowest inflation rate since May of 2013 as prices of food, restaurant and hotels and education rose at a softer rate.

Compared to February of 2017, prices slowed for food and non-alcoholic beverages (3.83 percent from 4.71 percent in January); restaurant and hotels (6.87 percent from 7.03 percent) and education (5.08 percent from 5.38 percent). Meanwhile, cost advanced faster for transport (6.95 percent from 6.80 percent); clothing and footwear (3.81 percent from 3.61 percent);furnishings and household equipment (4.29 percent from 3.62 percent); miscellaneous goods and services (4.58 percent from 4.11 percent) and communication (0.81 percent from 0.59 percent). In addition, inflation was steady for housing and utilities (5.74 percent, the same as in January).

On a monthly basis, consumer prices went up 1.36 percent, after a 1.32 percent gain in the previous month. Prices rose further for food and non-alcoholic beverages (2.22 percent from 1.69 percent in January), namely some foodstuffs due to drought conditions. On the other hand, cost of housing and utilities eased (0.41 percent from 0.90 percent), mostly due to a fall in electricity prices. Also, prices of transport increased softer (0.84 percent from a 1.53 percent), mainly due to pump prices, petrol and diesel.

Kenya Inflation Rate Lowest Since 2013


Kenya National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/1/2018 11:12:47 AM