Consumer prices up 3.8% yr/yr in June
Tuesday, July 12, 2005, 11:34
Consumer prices rose 3.8% yr/yr in June, exceeding analysts' expectations of 3.63 % and picking up from May's increase of 3.6 % yr/yr, the Central Statistics Office (KSH) announced. Prices rose 0.3 %
from May to June. High seasonal food and vehicle fuel prices were behind the increase. Core inflation remained unchanged from May to June and slowed to 1.9 % from June 2004, well under May's 2.2 % yr/yr rise. Consumer prices in the first six months of 2005 rose 3.7% over the same period last year. Seasonal food prices rose 6.9% from May to June, pushing overall food prices up 0.9%. Excluding seasonal foods, food prices were 0.1% lower last month than in May. Vehicle fuel prices were up 2.2% in June compared to May and rose 10.2 % yr/yr. Prices for both, clothing goods and services were
0.1% lower in June than in May, and consumer durables were 0.2% cheaper. Low base figures for June 2004 also affected the higher-than-expected twelve-month figure.