Inflation & Prices
Kenya Inflation Beats Estimates as Food Prices Hit 13-Month Low
- Consumer prices rose 7.9% in April, median estimate was 9%
- Slowdown in inflation may see central bank hold rates in May
A vegetable stall at Toi market in Nairobi.
Photographer: Patrick Meinhardt/BloombergThis article is for subscribers only.
Kenya’s inflation rate fell more than expected in April after food prices eased to a 13-month low.
Consumer prices rose an annual 7.9%, compared with 9.2% last month, the Kenya National Bureau of Statistics said Friday in an emailed statement. The median estimate of six economists in a Bloomberg survey was 9%, with forecasts ranging from 8.6% to 9.4%. Prices rose 0.5% in the month.