Kenya Inflation Rate Edges Up to 3.95% in May

The inflation rate in Kenya increased to 3.95 percent year-on-year in May 2018, quickening from 3.73 percent in April. Prices rose faster mainly for food and housing & utilities while were stable for transport.

Compared to May of 2017, inflation rate picked up primarily for food and non-alcoholic beverages (0.34 percent vs 0.26 percent in April) and housing & utilities (13.73 percent vs 11.80 percent). In addition, prices continued to advance clothing & footwear (4.27 percent vs 4.09 percent); health (3.98 percent vs 3.48 percent); communications (0.82 percent vs 0.79 percent) and recreation & culture (1.53 percent vs 1.40 percent). 

Meanwhile, cost was stable for transport (7.01 percent) while slowed for furnishings (4.51 percent vs 4.61 percent); restaurants & hotels (4.92 percent vs 6.04 percent); miscellanous goods & services (4.19 percent vs 4.74 percent); education (5.07 percent vs 5.09 percent) and alcoholic beverages & tobacco (2.25 percent vs 2.79 percent).

On a monthly basis, consumer prices rose 0.97 percent, easing from a 1.35 percent increase in April. Cost went up less for food & non-alcoholic beverages (1.35 percent vs 1.59 percent), as prices of some foodstuffs outweighed decreases recorded in others. In particular, the biggest increases in prices were seen for tomatoes (15.47 percent to KES 120.4 per kilo) and spinach (5.5 percent to KES 69.12 per kilo) while the main decline was recorded for maize flour (-4.38 percent to KES 59.99 per kilo). Also, prices advanced less for housing & utilities (1.79 percent vs 3.24 percent), despite the increase in prices of cooking fuels, namely charcoal which recorded the highest rise of 9.66 per cent. Meantime, cost rose 0.10 percent for transport (0.16 percent in April), amid increases in the pump price of petrol which offset a decrease in diesel prices.

Kenya Inflation Rate Edges Up to 3.95% in May

Kenya National Bureau of Statistics | Luisa Carvalho |
5/31/2018 3:54:14 PM