Kenya: Inflation jumps in October
October 30, 2015
In October, consumer prices rose 0.50% over the previous month, which was above the 0.27% increase observed in September. October’s result was mainly fueled by higher prices for food and non-alcoholic beverages.
Inflation climbed from September’s 6.0% to 6.7% in October, which marked a second consecutive rise and the highest reading in four months. As a result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation in October rested at September’s 6.3%, which had represented the lowest rate in 19 months.