Kenya: Inflation recedes slightly in January
January 30, 2016
In January, consumer prices rose 0.39% over the previous month, coming in below the 1.07% increase observed in December. January’s result came on the back of higher prices for most components of index, particularly food prices. Conversely, transport prices fell markedly.
Following four months of rising inflation, it receded slightly in January, decreasing from December’s 8.0% to 7.8%. Nevertheless, inflation still remained above the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation in January edged up from December’s 6.6% to 6.8%.