Kenya May 2017 Inflation Rate Rises Further to 11.70%

Consumer prices in Kenya jumped 11.70 percent year on year in May of 2017, following a 11.48 percent rise in the previous month. This was the highest inflation rate since May of 2012 mainly driven by increase prices of basic food items.

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Food and non alcoholic beverages rose by 1.26% mainly driven by a 23.3 percent rise in sugar prices from Sh 136.45 to Sh 168.18 for a kilogram of the commodity. There was also a notable increase in prices of maize grain by 14.5 percent as shown in the table below courtesy of Ramah Nyang;

Kenya’s May inflation rate of 11.70 percent is ranked as the world’s 27th highest recorded inflation rate and the 17th highest in Africa as shown below.

Last
1. Venezuela 741.00 Feb/17
2. South Sudan 272.60 Apr/17
3. North Korea 55.00 Jul/13
4. Syria 51.10 Aug/16
5. Suriname 41.80 Mar/17
6. Argentina 40.50 Apr/16
7. Central African Republic 38.04 Feb/16
8. Congo 36.27 Mar/17
9. Angola 34.80 Apr/17
10. Sudan 33.50 Feb/17
11. Egypt 31.50 Apr/17
12. Libya 27.20 Mar/17
13. Mozambique 21.27 Apr/17
14. Burundi 21.10 Mar/17
15. Sierra Leone 19.80 Feb/17
16. Nigeria 17.24 Apr/17
17. Malawi 14.60 Apr/17
18. Haiti 14.30 Mar/17
19. Azerbaijan 13.50 Apr/17
20. Liberia 13.31 Feb/17
21. Ghana 13.00 Apr/17
22. Rwanda 12.90 Apr/17
23. Iran 12.60 Apr/17
24. Eritrea 12.50 Dec/15
25. Ukraine 12.20 Apr/17
26. Turkey 11.87 Apr/17
27. Kenya 11.70 May/17
28. Myanmar 9.94 Jul/16
29. Yemen 9.49 Nov/14
30 .Gambia 8.80 Feb/17
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