Kenya: Inflation surges in February
February 28, 2017
In February, consumer prices jumped 1.67% compared the previous month, coming in above the 1.00% increase observed in January. February’s rise mainly reflected higher food and healthcare prices.
Inflation climbed to 9.0% in February from 7.0%, marking the highest level in over five years. The figure shot above the Central Bank’s inflation target range of 5.0% plus/minus 2.5 percentage points. Annual average inflation inched up from January’s 6.3% to 6.4% in February.
Author: Christopher Mc Innes, Economist