Kenya Inflation Rate Slows to 7.76% in October

In October of 2013, Kenyan annual inflation rate decelerated for the first time in five months to 7.76 percent, mainly due to lower food, housing and transport prices. In the previous month, prices climbed by an annual 8.29 percent, as cost of most commodities rose after a change in sales tax.

Although prices of food and non-alcoholic beverages recorded the highest annual increase (12.03 percent), they slowed from 12.55 percent in the previous month.

Cost of housing, water, electricity, gas and other fuels decelerated to an annual 4.39 percent (5.13 percent in September) and transport prices eased to 5.46 percent, from 6.45 percent in the previous month. In contrast, cost of recreation and culture accelerated to 10.5 percent, from 10.47 percent in September. 

Month-on-month, the inflation rate dropped by 0.05 percent, after rising 1.8 percent in September, mainly due to a fall in food, housing and transport prices. 

Kenya Inflation Rate Slows to 7.76% in October

Joana Taborda |
11/5/2013 2:23:34 PM