Kenya: Inflation remains above target range in April
April 28, 2017
Consumer prices rose 1.8% in April compared to the previous month, coming in above the 1.7% increase observed in March. April’s increase mainly reflected higher prices in the food and non-alcoholic beverages and the housing, water, electricity, gas and other fuels’ categories.
Inflation increased from 10.3% in March to 11.5% in April, the highest reading in over four years. The figure remained above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points for the third consecutive month. Annual average inflation also rose as it increased from 6.8% in March to 7.3% in April, the highest in more than a year.
Author: Jan Lammersen, Economist