Kenya: Inflation comes in at highest level since February 2020 in June
Consumer prices increased a seasonally-adjusted 0.12% over the previous month in June, slowing down from May’s 0.20% rise. June’s result marked the softest increase in prices in nine months. The print was chiefly due to softer increases in prices for food and non-alcoholic beverages, as well as for transport.
Meanwhile, inflation increased to 6.3% in June from May’s 5.9%, marking the highest inflation rate since February 2020. Consequently, the trend pointed up, with annual average inflation coming in at 5.3% in June (May: 5.2%).