Kenya: Inflation falls to five-month low in August
August 30, 2019
Consumer prices fell 0.90% over the previous month in August, following a 0.36% month-on-month drop in July. Notably lower prices for food and alcoholic beverages drove the downturn, followed by housing, water, electricity, gas and other fuels.
Inflation slid to 5.0% in August from 6.3% in July, hitting the mid-point of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation inched up to 5.4% in August from 5.3% in July.
Author: Nihad Ahmed, Economist