Kenya’s August Inflation rises by 0.57pc to 8.04pc
By David Indeje / Published August 31, 2017 | 1:01 pm
Kenya’s August inflation rose to 8.04 percent from 7.47 percent in July attributed to a 1.04 percent in the food and non-alcoholic drinks index. “The increase was mainly attributed to depressed supply especially in the second week of the month. The CPI increased by 0.61 per cent from 183.78 in July to 184.72 in August 2017. The overall year on year inflation stood at 8.04 per cent in August 2017.” KNBS The higher rate of inflation in August was attributed to an increase of 1.04 percent in the food and non-alcoholic drinks index compared with July, the statistics office said in a statement. The 7.47 percent in July from 9.21 percent in June was attributed to a slowdown in prices of select food items boosted by improved weather conditions and effect of government subsidy program with food inflation narrowing 320bps to settle at 11.60 percent. Analysts had projected August inflation to drop further between 7.30 percent – 7.70 percent.
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