Kenya’s monthly inflation rises

June 28, 2013
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According to the latest data from the Kenya National Bureau of Statistics (KNBS), the rise was attributed to the food and non alcoholic drinks index which went up by 0.18 percent/FILE
According to the latest data from the Kenya National Bureau of Statistics (KNBS), the rise was attributed to the food and non alcoholic drinks index which went up by 0.18 percent/FILE
NAIROBI, Kenya, Jun 28 – Kenya’s monthly inflation has once again gone up to 4.91 percent in June up from 4.05 percent in May this year.

According to the latest data from the Kenya National Bureau of Statistics (KNBS), the rise was attributed to the food and non alcoholic drinks index which went up by 0.18 percent.

“This marginal increase in this index was an aggregate result of observed rises outweighing falls in the average prices of various food items,” KNBS said in its monthly inflation review.

The average prices of a kilogram of carrots rose with the highest margin of 12.01 percent from Sh73.94 in May 2013 to Sh82.82 in June while potatoes hit Sh60.96 from Sh59.59 in May.

A kilo of cabbage was sold at an average price of 58.25 in June compared to 52.92 in May.

However the price of a kilo of tomatoes dropped by 9.42 percent from Sh108 a kilo in May to Sh98.13 this month followed by a kilo of sugar which sold at Sh123.03 from Sh125.61, a marginal drop of 2.05 percent.

The average price of a 500ml packet of milk also went down by 1.89 percent to Sh37.29 from Sh38.01 in May.

The transport index decreased by 0.66 percent over the review period mainly due to reduction on the pump prices of petrol and diesel.

Overall inflation in May had dropped to 4.05 percent from 4.11 in April largely due to favorable exchange rates which led to drop in prices of key commodities.

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