Kenya: Inflation picks up in January
January 31, 2017
In January, consumer prices rose 1.00% compared the previous month, coming in above the 0.77% increase observed in December. January’s rise mainly reflected higher prices in the food and education categories.
Inflation increased from 6.4% in December to 7.0% in January, the highest reading in nearly a year. The figure remained within the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation was stable at December’s 6.3% in January, the lowest reading since February 2014.
Author: Christopher Mc Innes, Economist