Kenya: Inflation continues on downward trend in March
Consumer prices increased 1.39% over the previous month in March, broadly similar to February’s 1.36% month-on-month rise. March’s result was the biggest jump in prices in 11 months. There was a broad-based increase in prices, with eight out of the 12 sub-components registering higher prices. Housing, water, electricity, gas and other fuels led the upturn in prices. Meanwhile, three sub-components recorded a flat reading and the remaining sub-component, transport, saw a fall in prices.
Inflation continued on a downward trend, dropping from 4.5% in February to 4.2% in March. It hovers close to the mid-point of the Central Bank’s medium-term target band of 2.5%–7.5%. Annual average inflation fell to 6.9% in March from 7.4% in February.