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Kenya Inflation January 2023

Kenya: Inflation drops slightly in January

Inflation continued slowing down in January, decreasing to 9.0% from December’s 9.1% and marking the weakest inflation rate since August 2022. Looking at the details of the release, January’s moderation was mainly due to softer price rises for food and non-alcoholic beverages, which more than offset stronger increases in prices for housing and utilities.

Nevertheless, the trend pointed up, with annual average inflation coming in at 8.0% in January, up from 7.7% in December.

Finally, consumer prices rose a seasonally adjusted 0.23% in January over the previous month, slowing down from December’s 0.53% increase. January’s result marked the weakest reading since August 2021.

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