Kenya Inflation Rate Slows to 7.06% in September


Consumer prices in Kenya increased 7.06 percent year-on-year in September of 2017, following an 8.04 percent rise in the previous month. It is the lowest inflation rate since January amid a slowdown in food and electricity cost. On the other hand, higher pump prices of petrol and diesel pushed transport cost up.

Compared to September of 2016, prices rose less for food and non-alcoholic beverages (11.5 percent compared to 13.6 percent in August); housing and utilities (3.3 percent compared to 3.5 percent); clothing and footwear (3.5 percent compared to 3.8 percent) and furnishings and household equipment (2.95 percent compared to 3.2 percent). On the other hand, cost increased more for transport (3.3 percent compared to 2.3 percent in August); communication (0.4 percent compared to 0.3 percent) and education (3 percent compared to 2.8 percent). 

On a monthly basis, consumer prices fell 0.6 percent following a 0.6 percent rise in the previous month. Cost declined for food and non-alcoholic beverages (-1.3 percent compared to 1 percent in August), namely carrots, cabbages, potatoes, wheat, sugar and kale. Also, cost of housing and utilities decreased 0.2 percent compared to a 0.5 percent rise in August, due to electricity (-7.1 percent compared to 8.3 percent). On the other hand, cost of transport rose faster (0.7 percent compared to 0.03 percent), as a result of an increase in prices of diesel (1.2 percent compared to 1.6 percent) and petrol (2.3 percent compared to -1 percent).

Kenya Inflation Rate Slows to 7.06% in September


Kenya National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/29/2017 4:13:28 PM