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Consumer prices up 3.3% yr/yr in November

Consumer prices were up 0.2% in November from October and rose 3.3% year-on-year, the Central Statistics Office (KSH) announced on Tuesday. Consumer prices were unchanged in October from September and rose 3.2% year-on-year. Analysts expected inflation to stay unchanged from October, projecting a 0.09% monthly and a 3.2% twelve-month rate for November. Seasonally adjusted core inflation was 0.2% month-on-month and 1.4% year-on-year in November after a 0.1% monthly increase and a 1.4% twelve-month increase in October. Consumer prices in the first eleven months of 2005 rose 3.6% over the same period last year. The harmonized consumer price index (HICP) was 0.2% month-on-month and 3.3% year-on-year in November after no monthly change and a 3.1% year-on-year increase in October. Adjusted for the effect of tax changes, consumer prices rose 0.2% from October and rose 3.4% from November 2004.