Kenya: Inflation falls to lowest level in ten months in July
July 30, 2020
Consumer prices increased 0.08% in month-on-month seasonally-adjusted term in July, swinging from June’s 0.31% fall. July’s reading largely reflected higher prices for alcoholic beverages and tobacco, as well as for transport. This rise was partially offset by lower prices for food and non-alcoholic beverages, and for clothing and footwear.
Inflation dropped to 4.4% in July, further down from June’s 4.6%. July’s print marked the lowest inflation rate in the past 10 months. Annual average inflation came in at 5.3% in July, slightly below June’s 5.4%.
Author: Marta Casanovas , Junior Economist