Kenya's Consumer Price Index (CPI) experienced a notable decrease in June 2024, settling at 4.60%, according to the latest data updated on June 29, 2024. This represents a continued downward trend from the previous month's figure of 5.10% in May 2024.
The current CPI figure marks a year-over-year comparison, reflecting the inflation rate difference between June 2023 and June 2024. Similarly, the previous month's indicator (5.10%) was an evaluation of the inflation rate change from May 2023 to May 2024. This consistent drop indicates a potential easing of inflationary pressures in the East African economy.
Analysts will closely monitor the upcoming months to determine if this trend will sustain, contributing to a more stable economic environment for businesses and consumers alike.
