Kenya: Inflation ticks up in May
May 31, 2021
Consumer prices increased a seasonally-adjusted 0.20% over the previous month in May, slowing down from April’s 0.82% rise. May’s result marked the softest increase in prices in eight months. Looking at the details of the release, the result was chiefly due to higher prices for food and non-alcoholic beverages. That said, the overall increase in prices was offset by lower prices for housing and utilities.
Inflation inched up to 5.9% in May from April’s 5.8%. Consequently, the trend pointed up, with annual average inflation coming in at 5.2% in May (April: 5.1%).
Author: Marta Casanovas , Junior Economist