Kenya Inflation Rate Eases in May

Kenyan annual inflation rate edged down to 6.87 percent in May of 2015, from 7.08 percent reported in the previous month mainly due to declining food cost.

Compared to May 2014, food prices increased at a slower 13.20 percent from a 13.42 percent growth in the previous month.

Additional upward pressure came from: housing, water, electricity and gas (+2.35 percent); clothing and footwear (+4.52 percent); furnishings and household equipment (+4.31 percent); miscellaneous goods and services (+5.19 percent); hotels and restaurants (+5.70 percent). 

In contrast, downward pressure came from transport cost (-3.52 percent).

On a monthly basis, consumer prices rose 0.81 percent as food and non-alcoholic beverages’ prices eased to 1.06 percent (compared with 3.92 percent in April). While transport prices decreased further by 1.34 percent.

Kenya Inflation Rate Eases in May

Kenya National Bureau of Statistics | Joana Ferreira |
5/29/2015 5:10:46 PM