Kenya Inflation Rate Slows to 4.5% in December


Consumer prices in Kenya increased 4.5 percent year-on-year in December of 2017, easing from a 4.7 percent rise in the previous month. It was the lowest inflation rate since May 2013, as prices went up softer mainly for food and housing and utilities.

Compared to December of 2016, prices advanced at a softer pace for food and non-alcoholic beverages (4.68 percent compared to 5.79 percent in November); housing and utilities (5.13 percent compared to 5.27); furnishings and household equipment (3.26 percent compared to 3.02 percent) and  miscellaneous goods and services (3.56 percent compared to 3.61 percent). In contrast, cost rose faster for transport (5.82 percent compared to 3.81 percent); clothing and footwear (2.97 percent compared to 2.91 percent); restaurant and hotels (6.61 percent compared to 5.89 percent), communication (0.53 percent compared to 0.45 percent) and education (3.21 percent compared to 3.14 percent).

On a monthly basis, consumer prices went up 0.54 percent, after a 0.23 percent fall in the previous month. Prices rebounded for food and non-alcoholic beverages (0.25 percent compared to -1.33 percent), namely some foodstuffs. In addition, cost rose faster for transport (2.44 percent compared to 0.58 percent), mostly due to increases in prices of diesel and petrol and higher bus fares linked with December festivities. On the other hand, prices for housing utilities rose softer (0.27 percent compared to 1.74 percent), mostly due to higher prices of charcoal and kerosene. 

Kenya Inflation Rate Slows to 4.5% in December


Kenya National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/29/2017 2:24:14 PM