Kenya Inflation Rate Down to 4.11% in March


Kenya's inflation rate inched down to 4.11 percent in the year to March from 4.45 percent a month earlier.

On the year-over-year basis, prices of food and non-alcoholic beverages increased 2.93 percent, with cabbages, kale-sukuma wiki and potatoes recording the highest decreases (14.04; 9.38 and 2.97 percent, respectively). Restaurant and Hotel prices increased 7.25 percent; the Transport index rose 6.14 percent; Clothing and Footwear prices increased 5.48 percent and Housing, Water, Electricity, Gas and other Fuels prices rose 4.82 percent. Communication index, on the other hand, decreased 0.17 percent.

On the month-over-month basis, the inflation increased 1.01 percent, from 0.71 in February. Food and Non Alcoholic drinks’ index increased by 1.35 percent, as a result of rises and falls in the average prices of various food items. Housing, Water, Electricity, Gas and Other fuels’ index went up by 0.96 percent between February and March of 2013. This increase was mainly caused by higher costs of electricity, kerosene, Liquefied Petroleum Gas (LPG) and other cooking fuels. In particular, during the review period, electricity charges went up on account of higher fuel and forex adjustment charges. The Transport index increased by 1.49 percent over the same period due to higher costs of petrol, diesel, taxi, and bus/matatu fares.

Kenya National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
3/28/2013 3:16:58 PM