KSH: a higher-than-expected annual inflation in September

The annual inflation rate was higher than expected in September; 1.4 percent. Consumer prices increased by 0.5 percent, compared to the previous month – the Central Statistical Office (KSH) announced on Friday.

Analysts forecasted 1.0 and 1.3 percent annual inflation for September. Analysts explain the higher-than-expected annual inflation increase with the greater than average, 6.7 percent monthly tobacco prices increase. (MTI)