Kenya's inflation falls to 5.84 percent year on year in August
31 August 2015, 19:08
Nairobi - A fall in Kenyan food prices slowed
inflation to 5.84 percent year-on-year in August from 6.62 percent in the
previous month, the statistics office said on Monday.
Kenya's food and non-alcoholic drinks segment, which
accounts for more than a third of the index, decreased by 0.26 percent between
July and August, as favourable weather conditions pushed down the cost of food,
the Kenya National Bureau of Statistics (KNBS) said in a statement.
Also read: Kenyan inflation rises in March on food prices
But other costs, including gas, electricity and housing,
edged up 0.76 percent, partly due to a weakening local currency.
Kenya's shilling has lost about 11.5 percent against the
dollar this year and policy makers have warned there is a risk it could drive
The central bank has a medium term inflation target range of
between 2.5 percent and 7.5 percent.
Inflation eased from 7.03 percent in June last month, a move
that was also attributed to a fall in food prices.