KSH: inflation declined to 2.1 percent in May

Consumer prices were an average 2.1 percent higher in May than in the previous year, inflation slowed down by 0.1 percentage point from the 2.2 percent of April. Compared to April, consumer prices increased by 0.2 percent in May – the Central Statistical Office (KSH) announced on Thursday.

The May data is the same as the majority of analysts expected.

The 2.1 percent inflation rate in May is the lowest inflation data of this year, after the 2.3 percent in January, 2.9 percent in February, 2.7 percent in March and 2.2 percent in April.

In January-May consumer prices increased by 2.4 percent on average. Seasonally adjusted annual core inflation was 2.1 percent in May, after the 1.9 percent in April. (MTI)