KSH: consumer prices rose by 2.7 percent in January

By: Trademagazin editor Date: 2021. 02. 12. 11:41

In January, consumer prices were on average 2.7 percent higher than a year before – the Central Statistical Office (KSH) announced on Friday.

The data is in line with analysts ’preliminary expectations.

Annual core inflation rose to 4.2 percent from the 4.0 percent in December.

In one month, consumer prices rose by an average of 0.9 percent. Food prices rose 1.0 percent from December, up 3.9 percent in a year from 4.9 percent in December.

Within this, seasonally priced foods (potatoes, fresh vegetables, fruits) showed a 4.3 percent monthly and 8.0 percent annual price increase. Potatoes were 14.2 percent cheaper and fresh fruit became 17.3 percent more expensive than a year earlier. (MTI)