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December inflation 5.5% yr/yr

The rate of inflation was 5.5% yr/yr in December 2004, with consumer prices practically unchanged from November, the Central Statistics Office (KSH) said. On the whole, 2004 saw a 6.8% hike in prices compared with the previous year, of which VAT and excise tax changes accounted for approximately 2 percentage points. Between November and December, foods remained at practically the same price level. Meanwhile, vehicle fuels, clothing items and durable goods became 0.01%-0.08% less expensive, which was offset by a price hike in product categories such as household fuels, alcoholic beverages and tobacco, in addition to the service industry.