Kenya Inflation Rate Accelerates to 6.7% in August

In August of 2013, Kenyan annual inflation rate increased for the fifth consecutive month to 6.67 percent, from 6.02 percent in July, due to a rise in prices of food and fuel.

On a year-over-year basis, prices of food and non-alcoholic beverages recorded the highest increase (9.74 percent, from 8.44 percent in the previous month). Cost of restaurants and hotels rose 6.98 percent, from 6.66 percent in July; alcoholic beverages and tobacco went up 6.1; transport cost increased 6.66 percent and prices of clothing and footwear increased 4.79 percent. 

Between July and August, food prices increased marginally by 0.10 percent. While cost of fresh packetted milk went up by 2.71 percent, prices of maize flour dropped 1.64 percent. Similarly, the restaurant and hotel index increased by 0.85 percent on account of marginal rises in the costs of café and kiosk foods as well as hotel accommodation. 

Prices of housing, water, electricity, gas and other fuels rose by 0.99 percent between July and August of 2013, mainly due to increases in prices of kerosene and electricity. The transport index increased by 0.84 percent due to increases on the pump prices of petrol, diesel and public transport fares.

Kenya Inflation Rate Accelerates to 6.7% in August

Joana Taborda |
9/2/2013 10:31:44 AM