Kenya: Inflation jumps at the end of 2015 on higher food prices
December 31, 2015
In December, consumer prices rose 1.07% over the previous month, coming in above the 0.52% increase observed in November. December’s result was mainly fueled by higher prices for food and non-alcoholic beverages.
Inflation climbed from November’s 7.3% to 8.0% in December, which marked a fourth consecutive rise and the highest reading since August 2014. As a result, inflation closed the year above the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation in December inched up from November’s 6.4% to 6.6%.