Kenya Inflation Rate Rises to 6.34% in September
Consumer prices in Kenya increased 6.34 percent year-on-year in September of 2016, following a 6.26 percent rise in the preceding month. The figure came above market expectation of 6.2 percent gain as cost of food and housing went up at a faster pace. On a monthly basis, consumer prices rose 0.34 percent.
Year-on-year, prices went up for food and non-alcoholic beverages (+10.94 percent +10.85 percent in August), housing, water, electricity, gas and other fuels (+0.48 percent from +0.25 percent). Other upward pressure came from: clothing and footwear (+3.77 percent from +3.68 percent); furnishings and household equipment (+3.66 percent from +3.75 percent) and hotels and restaurants (+5.4 percent from +5.48 percent). By contrast, transport prices declined by 0.38 percent (-0.07 percent).
On a monthly basis, consumer prices increased by 0.34 percent following a 0.08 percent rise in the previous month. Food prices rose 0.55 percent (-0.19 percent in August), housing, water, electricity, gas and other fuels edged up 0.05 percent (+0.09 percent), while transport prices fell by 0.3 percent (+0.53 percent).
9/30/2016 11:04:04 AM