Kenya Inflation Rate Up to 2-Year High


Kenyan annual inflation rate accelerated further to 8.36 percent in August of 2014 from 7.67 percent in July. It is the highest rate since June of 2012 due to rising food and electricity prices.

Year-on-year, prices of recreation and culture recorded the highest growth rate (12.73 percent), followed by transport cost (11.68 percent) and food (10.85 percent). Prices of housing, water, electricity and gas grew 6.98 percent due to a recent revision of electricity power tariffs.

On a monthly basis, consumer prices rose 0.94 percent in August, following a 0.46 percent increase in July. The food and non-alcoholic drinks’ index increased by 1.75 percent and the housing, water, electricity, gas and other fuels’ index rose by 0.32 percent, due to higher cost of cooking fuels as well as house rents. The transport index increased by 0.73 percent, due to a rise in cost of petrol and matatu/bus and air travel fares which outweighed a slight fall in cost of diesel.

Kenya Inflation Rate Up to 2-Year High


Kenya National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
9/1/2014 5:47:31 PM