Kenya: Inflation comes in at an over five-year high in July
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June’s 0.89% increase. July’s result marked the softest rise in prices since February. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, housing, utilities and fuel, and transportation.
Inflation came in at 8.3% in July, which was up from June’s 7.9%. July’s reading represented the highest inflation rate since June 2017. Consequently, the trend pointed up mildly, with annual average inflation coming in at 6.4% in July (June: 6.3%).