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Updated · Bloomberg · Jun 30Kenya Inflation Eases to 6.4% in June as Food and Energy Price Pressures Cool
2 articles · Updated · Bloomberg · Jun 30Summary
- Kenya’s annual inflation rate slowed to 6.4% in June from 6.7% in May, marking the first easing since February.
- Food, energy and transport costs drove the slowdown, with consumer prices rising just 0.2% on the month.
- The June reading also came in below the 7% median estimate in a Bloomberg survey of four economists.
Insights
Kenya's inflation is easing, but a global crisis is worsening. How long can this local relief last against rising international pressures? Inflation has slowed, but with rising poverty and falling remittances, are Kenyan households actually any better off?