Kenya Inflation Rate Down to 16-Month Low


Kenyan consumer prices continued its downward trend for the third consecutive month. The inflation rate was recorded at 6.09 percent in November of 2014 from 6.43 percent in the previous month. A year ago, inflation rate reached 7.36 percent.

Year-on-year, upward pressures came from prices of transport (+ 9.94 percent), food and non-alcoholic beverages (+ 7.54 percent) and restaurants and hotels (+ 6.10 percent). Additional positive contributions came from cost of recreation and culture (+ 5.86 percent), education (+ 5.34 percent) and health (+ 5.31 percent).

On a monthly basis, consumer prices fell 0.05 percent in November of 2014, following a 0.21 percent decline in October of 2014. Transport index decreased the most (0.57 percent) mainly due to reductions in pump prices of petrol. Housing, water, electricity, gas and other fuels index contracted 0.35 percent as cost of electricity and kerosene continues to drop. Additionally, prices of food and non-alcoholic beverages dropped 0.18 percent due to falls in prices of several food commodities.

Kenya Inflation Rate Down to 16-Month Low


Kenya National Bureau of Statistics | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/28/2014 3:33:11 PM