Kenya Inflation Falls 4.59% in June, but Food Prices Mixed in Prices

Inflation Dropped 4.36 pct in July On Cheap Food and Housing Cost

Kenya’s inflation fell marginally to 4.59 percent year-on-year in June from 5.33 percent in May due to a reduction in food prices, the statistics bureau said on Tuesday.

The Kenya National Bureau of Statistics (KNBS) showed that “The Food and Non-Alcoholic Drinks’ Index decreased by 1.27 percent in June 2020, compared to a decrease of 0.24 percent in May 2020 while the year on year food inflation increased by 8.15 percent,” KNBS said in a statement reflecting a 9-month low in the inflation rate.

During the period under review, prices of tomatoes, Irish potatoes, cabbages, oranges and wheat flour decreased by 12.16, 5.05, 4.84 and 4.00 percent, respectively in June 2020 relative to the prices in May.

However, the prices of some foodstuffs such as onions, kale-sukuma wiki, and spinach increased by 3.51, 4.67, and 2.61 percent, respectively.

The Consumer Price Index decreased by 0.31 percent from 108.60 in May 2020 to 108.27 in June. Inflation is likely to remain within the government’s target band of 2.50 percent – 7.50 percent.