Kenya: Inflation stabilizes in September
September 30, 2016
In September, consumer prices rose 0.34% over the previous month, coming in above the 0.08% increase observed in August. September’s rise mainly reflected higher food prices along with price increases in several other categories.
Inflation stabilized at August’s 6.3% in September, slightly exceeding market expectations of a moderation to 6.2% and remaining within the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation remained at August’s 6.5%.