Kenya Inflation Rate Eases Further in December

Kenya annual inflation rate decreased slightly to 6.02 percent in December of 2014 from 6.09 percent in the previous month, continuing its downward trend for the fourth consecutive month. A year ago, inflation rate was recorded at 7.15 percent.

Year – on –year, prices of transport registered the highest increase (+8.88 percent), followed by food and non-alcoholic beverages (+7.71 percent), restaurants and hotels (+6.08 percent) and recreation and culture (+5.94 percent). Cost of housing, water, electricity and gas rose 4.45 percent and clothing and footwear grew 4.40 percent.

On a monthly basis, prices accelerated slightly to 0.43 percent from 0.05 percent in November of 2014, due to higher cost of food and transport. Transport index grew the most (0.91 percent) mainly due to higher taxi, matatu and bus fare charges associated with Christmas festivities. Food and non-alcoholic beverages prices advanced 0.71 percent boosted by increases in cost of chicken (+3 percent), cabbages (+2.7 percent) and offals (2.6 percent).  Cost of clothing and footwear rose 0.56 percent, health prices edged up by 0.39 percent and recreation and culture cost increased 0.28 percent.

The only downward pressure came from cost of housing, water, electricity and gas (-0.06 percent), mainly attributed to notable falls in the cost of cooking fuels especially electricity.

Kenya Inflation Rate Eases Further in December

Kenya National Bureau of Statistics | Carolina Cunha |
12/30/2014 1:48:16 PM