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Kenya’s inflation stood at 6.6% in the last month of last year, driven by increases in prices of commodities under Transport; Housing, Water, Electricity, Gas and other fuels; and Food and Non-Alcoholic Beverages.
Kenya’s inflation stood at 6.6% in the last month of last year, driven by increases in prices of commodities under Transport; Housing, Water, Electricity, Gas and other fuels; and Food and Non-Alcoholic Beverages.
The three account for over 57% of the weights of the 13 broad categories. The inflation estimate is generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption goods and services. The data collection is conducted in the second and third weeks of the month from a sample of outlets located in 50 data collection zones across the country.
The Food and Non-Alcoholic Beverages Index rose by 0.3% between November 2023 and December 2023. This was lower than the increase of 0.4% observed between October 2023 and November 2023. The prices of carrots, kale “Sukuma-wiki”, mutton/goat meat and beef with bones increased by 14.5, 6.2. 5.1 and 3.6%, respectively between November 2023 and December 2023.
During the same period, however, prices of mangoes, potatoes, maize flour-sifted and fortified maize flour went down by 5.7, 4.9, 3.8 and 3.7%, respectively. The Housing, Water, Electricity, Gas and Other Fuels Index increased by 0.4% between November 2023 and December 2023 mainly due to increases in prices of 200 kWh and 50 kWh of electricity by 1.0 per cent and 1.2%, respectively.
Read Also:
https://trendsnafrica.com/fuel-prices-drop-in-kenya-set-to-tame-inflation/
https://trendsnafrica.com/number-of-car-owners-goes-up-in-kenya-despite-high-inflation/
The price of a liter of Kerosene dropped by 2.0% during the same period. Despite a drop in the prices of petrol and diesel by 2.3% and 1.0%, respectively. Between November 2023 and December 2023, the Transport Index went up by 0.5% during the period, mainly due to an increase in country bus fares for some routes.
