Politics and policy
Kenya's inflation down to 12.22 pc in May
Posted Wednesday, May 30 2012 at 16:05
Kenya’s overall inflation has slowed for the sixth consecutive month in May, driven by lower food prices.
The rate stands at 12.22 per cent down from 13.06 in April. The decline in inflation is, however, the slowest since January this year.
In January, overall inflation fell 62 percentage points to 18.31 per cent from December, before beginning a series of relatively higher decreases in the following months.
Prices of food and non-alcoholic beverages fell to 14.58 per cent in May from 16.24 per cent in April – relative to the same months last year.
This was a 1.66 percentage point drop relative to the level in April.
Transport costs also fell to 8.42 per cent from 10.13 per cent, in the previous month.
But routine household maintenance, furnishings and household equipment rose to 12.58 per cent in May from 10.86 per cent in April.