Kenya Inflation Rate Slows to 5% in May
Consumer prices in Kenya went up 5 percent year-on-year in May of 2016, easing from a 5.27 percent in April. It was the lowest reading since June 2013, as cost of food and housing and utilities increased at a slower pace.
Year-on-year, prices increased for food and non-alcoholic beverages (+6.54 percent from +6.84 percent in April); housing, water, electricity, gas and other fuels (+2.14 percent from +3.37 percent); transport (+1.16 percent from -0.74 percent); clothing and footwear (+4.05 percent from +4.86 percent); furnishings and household equipment (+4.21 percent from +4.5 percent) and hotels and restaurants (+5.21 percent from +5.45 percent) .
On a monthly basis, consumer prices increased by 0.55 percent following a 0.69 percent rise in the previous month. Food inflation went up 0.82 percent (+1.48 percent in April) and housing, water, electricity, gas and other fuels edged up 0.09 percent (+0.15 percent) and transport cost rose by 0.55 percent from a 0.42 percent fall in a month earlier.
5/31/2016 5:52:59 PM