Kenya Inflation Rate Slows to 6.26% in July
Consumer prices in Kenya increased 6.26 percent year-on-year in August of 2016, following a 6.4 percent rise in July. The figure came below forecasts of 6.77 percent jump as housing and utilities cost rose at slower pace while transport prices fell.
Compared to August 2015, prices of food and non-alcoholic beverages went up 10.85 percent (+10.8 percent in July), housing, water, electricity, gas and other fuels increased 0.25 percent (+0.9 percent) . Other upward pressure came from clothing and footwear (+3.7 percent from +3.5 percent); furnishings and household equipment (+3.8 percent from +3.5 percent) and hotels and restaurants (+5.5 percent from +5.1 percent). In contrast, transport prices fell by 0.07 percent (+0.8 percent in July)
On a monthly basis, consumer prices rose slightly by 0.08 percent following a 0.6 percent increase in the previous month. Food cost fell 0.19 percent (+1.1 percent in July), while transport prices rose by 0.5 percent (+1.1 percent) and housing, water, electricity, gas and other fuels edged up 0.09 percent (+0.15 percent).
8/31/2016 4:04:31 PM