Kenya Inflation Rate Moderates to 5.49% in May


The annual inflation rate in Kenya dropped to 5.49 percent in May 2019 from 6.58 percent in the previous month. Prices slowed mostly for food while they rose further for transport.

Year-on-year, inflation slowed primarily for food & non-alcoholic beverages (6.33 percent vs 8.17 percent in April), as weather conditions improved and likely boosted agricultural production. Also, prices rose at a slower pace for housing & utilities (4.56 percent vs 5.78 percent); clothing & footwear (2.12 percent vs 2.33 percent); furnishings (2.46 percent vs 2.50 percent); restaurants & hotels (2.96 percent vs 3.23 percent); miscellaneous goods & services (2.92 percent vs 3.07 percent).

In contrast, cost advanced faster for transport (11.08 percent vs 10.84 percent).

On a monthly basis, consumer prices decreased 0.07 percent, after a 3.51 percent rise in the previous month. It was the first drop in consumer prices since last November. Main downward pressure came from food & non-alcoholic beverages (-0.37 percent vs 6.86 percent), namely spinach, sukuma wiki (kale) and tomatoes which recorded decreases of 10.69, 9.35, and 6.78 percent, respectively. However, prices of some other foodstuffs like maize grain, sugar and maize flour sifted increased over the same period but still recording lower prices than May last year. 

Kenya Inflation Rate Moderates to 5.49% in May


Kenya National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/4/2019 2:26:02 PM