Kenya: Inflation rises in July
July 31, 2019
Consumer prices fell 0.36% over the previous month in July, following a 0.69% month-on-month drop in June. A less pronounced fall in prices for food and non-alcoholic beverages drove the softer monthly decline.
Inflation rose to 6.3% in July from 5.7% in June. Thus, inflation moved further away from the mid-point of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation inched up to 5.3% in July from 5.2% in June.
Author: Nicolás J. Aguilar, Economist