Kenya: Inflation rises in June
June 28, 2019
Consumer prices fell 0.69% over the previous month in June, following a 0.07% month-on-month downturn in May. Lower prices for food and non-alcoholic beverages were behind the decline as improved weather conditions likely boosted agricultural production and helped push down food prices.
Inflation rose to 5.7% in June from 5.5% in May. 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 5.2% in June from 5.0% in May.
Author: Nicolás J. Aguilar, Economist