Kenya: Inflation hits eight-month high in December
December 31, 2020
Consumer prices increased 0.98% in seasonally-adjusted month-on-month terms in December, easing from November’s 1.07% increase. December’s print reflected higher prices for food and non-alcoholic beverages and housing, water, electricity and gas.
Inflation came in at 5.6% in December, picking up from November’s 5.3%, and marking the highest inflation rate in eight months. Meanwhile, the trend remained unchanged in December with annual average inflation coming in at November’s 5.3%.
Author: Marta Casanovas , Junior Economist