(3 minutes read)
Kenya’s monthly inflation increased slightly to 8 percent in the month of May, riding on the back of high prices of food and non-food items. The inflation went up by a slight margin of 0.1 percent from 7.9 percent in April, according to latest data released by the Kenya National Bureau of Statistics (KNBS).
An increase in food and non-food alcoholic beverages (10.2 percent), as well as housing, water, electricity, gas, and other fuels (97 percent) and transport (10.1 percent) contributed to this increase. Retail prices of sugar, carrots, onions, and beans shot up 22.1 percent, 6.3 percent, 5.1 percent, and 3.6 percent, respectively, between April and May.
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The prices of kale, cabbage, and avocado dropped by 7.4 percent, 5.7 percent, and 4.4 percent, respectively, in the review period. The housing, water, electricity, gas and other fuels’ index, increased by 0.7 percent between April 2023 and May 2023, mainly due to increase in prices of kerosene by 10.2 percent between April 2023 and May 2023|. However, prices cooled down by 0.3 percent.
