Kenya August Inflation Rises to 8.04%

Kenya’s August inflation rose 8.04% from 7.47% that was reported in July largely attributed to high prices of food.

Inflation rate on a month to month basis increased by 0.61% from a drop of 0.96% in July. Between July and August 2017, Food and Non-Alcoholic Drinks’ Index increased by 1.04% due to notable rise in the cost of some food items. The increase was mainly attributed to depressed supply especially in the second week of the month.

As a result, the year on year food inflation rose to 13.57 per cent in August 2017 compared to 12.19 per cent in July 2017. During the same review period; Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.54 per cent. This was mainly due to marginal increase in the cost of electricity and kerosene. The Transport Index rose marginally by 0.03 per cent over the same period, mainly on account of increase in pump prices of diesel despite the decrease recorded in respect of petrol prices.

Africa Sokoni