Kenya: Inflation accelerates in March to over four-year high
April 20, 2017
In March, consumer prices grew 1.67% compared the previous month, coming in below the 1.72% increase observed in February. March’s rise mainly reflected higher prices for food, housing and transport.
Inflation climbed to 10.3% in March from 9.0% in February, marking the highest level since June 2012. The figure is now further above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation increased to 6.8% from March’s 6.4% reading.
Author: Christopher Mc Innes, Economist