Kenya Inflation Rate Down to 19-Month Low

Kenyan annual inflation rate slowed to 5.53 percent in January of 2015 from 6.02 percent in the previous month. It is the lowest figure since June of 2013, as transport cost eased due to a fall in oil prices.

Year-on-year, transport prices rose 5.31 percent, compared with an 8.8 percent rise in December. Cost of food and non-alcoholic beverages recorded the highest increase (7.67 percent) while aditional upward pressures came from restaurants and hotels (4.92 percent), clothing and footwear (4.36 percent) and housing, water, electricity and gas (4.11 percent). 

On a monthly basis, consumer prices increased 0.61 percent, up from a 0.43 percent rise in the previous month. Food and non-alcoholic beverages rose the most (0.96 percent) while transport cost fell 1.39 percent driven by lower petrol and diesel prices.

Housing, water, electricity, gas and other fuels increased by 0.55 percent due to higher costs of house rents which outweighed notable falls in the cost of cooking fuels including electricity, kerosene and cooking gas. Following a seasonal pattern, education cost increased by 3.28 percent, mainly as a result of upward adjustments of private school tuition fees at the beginning of the year. 

Kenya Inflation Rate Down to 19-Month Low

Kenya National Bureau of Statistics | Joana Taborda |
1/30/2015 5:09:34 PM