Kenya: Inflation falls to almost-three-year low in May
May 31, 2016
In May, consumer prices rose 0.55% over the previous month, coming in below the 0.69% increase observed in April. May’s rise mainly reflected higher prices for food and non-alcoholic beverages.
Inflation fell for a fifth month in a row, dropping from 5.3% in April to 5.0% in May, which represented the lowest value since June 2013. 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 inched down from 6.7% in April to 6.6% in May.