Kenya: Inflation picks up in June
July 7, 2016
In June, consumer prices rose 1.05% over the previous month, coming in above the 0.55% increase observed in May. June’s rise mainly reflected higher prices for food and non-alcoholic beverages.
Inflation jumped from 5.0% in May to 5.8% in June, thus reverting a trend of five monthly drops. Despite the result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation inched down from 6.6% in May to 6.5% in June.