Kenya Inflation Rate Rises in July

The Kenyan annual inflation rate accelerated for the fourth straight month to 7.7 percent in July of 2014 from 7.4 percent in the previous month, mostly due to higher prices of food and energy.

Year-on-year prices accelerated for food and non-alcoholic beverages (9.06 percent in July from 8.41 percent in the previous month), clothing and footwear (4.94 percent from 4.79 percent), furnishings, household equipment and routine household maintenance (5.52 percent from 5.37 percent), restaurants and hotels (7.49 percent from 7.39 percent).

Month-over-month, the consumer price index increased 0.46 percent in July of 2014 up from a 0.14 percent increase in the previous month. In July, food and non-alcoholic beverages cost increased 0.5 percent, while alcoholic beverages, tobacco and narcotics prices dropped by 0.35 percent mainly due to continued falls in the prices of Khat (Miraa). 

The month-over-month prices of housing, water, electricity, gas and other fuels increased by 0.57 percent in July, mainly due to higher cost of rent, electricity and other cooking fuels. The increase in the cost of electricity was mainly attributed to revision of power tariffs. Transport price increased by 0.35 percent due to rise in the cost of petrol and Matatu/bus fares. This was in spite of a slight fall in the cost of diesel. 

Kenya Inflation Rate Rises in July

Kenya National Bureau of Statistics | Isabel Felino |
8/1/2014 1:44:06 PM