Kenya: Inflation inches up to five-month high in July
July 31, 2018
Consumer prices decreased 0.89% over the previous month in July, mirroring June’s print. Two out of the 12 sub-components recorded a decline, nine registered an upturn in prices, while the remaining sub-component came in flat. Prices for food and non-alcoholic beverages saw the largest decline, while prices for health increased the most.
Inflation inched up to a five-month high of 4.4% in July from 4.3% in June, remaining within the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation declined to 5.0% in July, down from 5.2% in June.
Author: Nihad Ahmed, Economist