KSH: consumer prices rose by 3.4 percent in September

By: Trademagazin editor Date: 2020. 10. 08. 11:52

In September, the annual growth rate of consumer prices slowed to 3.4 percent from 3.9 percent in the previous month, the Central Statistical Office (KSH) reported on Thursday.

Analysts also expected 3.9 percent inflation for September.

Annual core inflation fell to 4.0 percent from 4.7 percent in the previous month in September.

The moderation in inflation was mainly due to higher-than-previous-year annual increases in food, spirits, tobacco and services.

Compared to the previous month, consumer prices fell by an average of 0.4 percent.

Food prices rose 7.3 percent year-over-year, down 0.6 percentage points from August. The rise in prices for services slowed down by 1.1 percentage points to 2.4 percent. (MTI)