Kenya: Inflation rises to over five-year high in August
August 31, 2022
Consumer prices increased a seasonally-adjusted 0.42% in August over the previous month, moderating from July's 0.67% rise. August's result marked the weakest reading since February. The cooling of price pressures was primarily due to a slower rise in prices for food and non-alcoholic beverages.
Inflation came in at 8.5% in August, which was up from July’s 8.3%. August's result represented the highest inflation rate since June 2017. Consequently, the trend pointed up slightly, with annual average inflation coming in at 6.6% in August (July: 6.4%).