Kenya: Inflation eases in July
July 31, 2015
In July, consumer prices rose 0.07% over the previous month, which was below the 0.30% increase observed in June and marked an eight-month low. July’s lower print reflected that a decrease in the prices for food and non-alcoholic beverages partially offset rising prices in several other categories, including housing, water, electricity and other fuels.
Inflation fell from 7.0% in June to 6.6% in July, and thus remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation eased from 6.6% in June to 6.5% in July.