Kenya’s overall inflation rate rises to 5.97 percent

0
137

The Kenya National Bureau of Statistics said the Consumer Price Index (CPI) computed using the geometric mean approach increased by 0.27 percent from 160.90 in August to 161.33 in September.

Inflation

“Between August and September, Food and Non-Alcoholic Drinks’ Index increased by 0.48 percent. This was an aggregate result from increases in prices of several food items which slightly outweighed the decreases,” the bureau said in a statement issued in Nairobi.

Month-on-month non-food-non-fuel inflation reversed its upward trend since April, falling to 4.5 percent in August from 4.7 percent in July.

The decrease in inflation was due to lower food prices and moderating demand pressures, partially offsetting the pass-through effects of exchange rate movements.

Over the review period, House, Water, Electricity, Gas and Other Fuels’ Index, declined by 0.18 percent.
“There was a reduction in the cost of electricity consumption for instance due to decreases in both fuel cost adjustment and foreign exchange charges per kWh of electricity,” the bureau said.

Transport Index recorded a slight increase compared to the previous month despite decrease in the cost of diesel.

The prices were obtained from selected retail outlets in 25 data collection zones located in Nairobi and 13 other urban centres. Enditem

Source: Xinhua

Kenya’s overall inflation rate rises to 5.97 percent

Comments

LEAVE A REPLY