Kenya Inflation Rate Down to 6-Month Low of 7.47%


Consumer prices in Kenya increased 7.47 percent year-on-year in July of 2017, below 9.21 percent in June and market expectations of 9 percent. It is the lowest inflation rate since January due to a slowdown in food prices. Yet, the inflation slowed for second month in July after hitting a 5-year high of 11.7 percent in May as a severe drought last year destroyed agricultural crops, causing a surge in food inflation.

Year-on-year, prices rose less mainly for food and non-alcoholic beverages (12.19 percent compared to 15.81 percent in June) and transport (2.77 percent compared to 4.23 percent). On the other hand, inflation increased for housing and utilities (3.03 percent compared to 2.96 percent) and clothing and footwear (4.07 percent compared to 3.99 percent) and was steady for furniture and household equipment (3.40 percent).

On a monthly basis, consumer prices dropped 0.96 percent, mainly due to a 2.05 percent fall in cost of food and non-alcoholic drinks.

Kenya Inflation Rate Down to 6-Month Low of 7.47%


Kenya National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
7/31/2017 3:37:57 PM