Kenya: Inflation rises for the first time in five months in January
January 31, 2018
Consumer prices increased 1.32% over the previous month in January, up from a 0.54% month-on-month rise in December. This marked the biggest upturn in prices since April 2017 and was led by a big jump in prices for education. Higher prices for food and non-alcoholic beverages, education and transport also contributed to the overall climb in prices.
Inflation went up for the first time in five months in January, rising to 4.8% from 4.5% in December. It remained above the mid-point of the Central Bank’s medium-term target range of 2.5%–7.5%. Annual average inflation, on the other hand, edged down from 8.0% in December to 7.8% in January.
Author: Nihad Ahmed, Economist