KSH: falling consumer prices stagnating food prices

In May, consumer prices were on average 0.2 percent lower than a year before, while compared to April rose by an average of 0.3 percent – the Central Statistical Office (KSH) reported on Wednesday.

The data is in line with expectations: financial analysts in London expected a near zero to slightly negative annual inflation rate in May was, due to annual base effects. (Last year, the pace of monthly inflation accelerated from April to May, from 0.4 percent to 0.7 percent, while the annual minus accelerated from 0.3 percent to plus 0.5 percent by 0.8 percentage points.) (MTI)