Kenya's inflation rate rose slightly to 5.70 percent year-on-year in June 2019 from 5.49 percent in the previous month, but missing market expectations of 6.40 percent.
Main upward pressure came from: food & non-alcoholic beverages (6.98 percent vs 6.33 percent in May); housing & utilities (4.07 percent vs 4.56 percent); transport (10.96 percent vs 11.08 percent); clothing & footwear (2.05 percent vs 2.12 percent); furnishings & household equipment (2.12 percent vs 2.46 percent); restaurants & hotels (2.68 percent vs 2.96 percent); and miscellaneous goods & services (2.95 percent vs 2.92 percent).
On a month-on-month basis, consumer prices dropped 0.69 percent, the largest decline since October last year, following a 0.07 decline in May. Food & non-alcoholic beverages slumped 1.60 percent, while other main components increased: housing & utilities (0.05 percent); transport (0.26 percent); and clothing & footwear (0.16 percent).
6/28/2019 12:57:18 PM