Kenya’s overall inflation rate fell to 3.83 percent in September, down from 5.00 percent in August, due to lower foodstuff prices, the statistics bureau said on Monday.
The Kenya National Bureau of Statistics (KNBS) attributed the decrease in the headline rate to a drop-in price of food, soft drinks and electricity.
“For instance, in September 2019 prices of carrots, cabbages and tomatoes decreased by 9.80, 6.32 and 4.14 percent, respectively,” KNBS says.
“Towards the end of the year, we expect inflation to hold below 5.00% anchored by subdued food prices and favourable base effects. Moreover, muted demand-side pressures should sustain low consumer spending particularly on luxury goods,” comment from CBA Economic Analysts.
