Kenya: Inflation jumps in November
December 7, 2016
In November, Kenyan consumer prices rose 0.71% over the previous month, coming in above the 0.62% increase observed in October. November’s rise mainly reflected higher food prices.
Inflation edged up from 6.5% in October to 6.7% in November, thus hitting the highest reading in nine months. The figure remained within the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation remained at the previous month’s 6.5% in November.
Author: Dirina Mançellari, Senior Economist