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Kenyan inflation slows in January

31 January 2012, 14:27

Nairobi - Kenya's year-on-year inflation rate slowed in January for the second month in a row to 18.31 percent from 18.93 percent in December, although the consumer price index rose 0.56 percent in the month.

Kenya National Bureau of Statistics (KNBS) data showed all components in the consumer price basket rose from December except transport that was down 1.47 percent and communication, down 0.02 percent.

Food and non-alcoholic drinks prices, which carry a 36.04 percent weight in the basket, rose 0.58 percent from a month earlier.

The consensus forecast in a Reuters poll was for the inflation rate to slow to 18.0 percent.


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