Kenya: Inflation continues to moderate in August
August 31, 2015
In August, consumer prices rose 0.21% over the previous month, which was above the 0.07% increase observed in July. August’s result was mainly driven by higher prices for for housing, water, electricity and other fuels.
Inflation fell from 6.6% in July to 5.8% in August, which represented the lowest reading in half a year. As a result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation eased from 6.5% in July to 6.3% in August, which represented the lowest rate in 18 months.