Kenya’s inflation drops in February

February 28, 2014
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The price of a kilo of sugar dropped by 2.27 percent from Sh114.71 in January to Sh112.12 in February/FILE
The price of a kilo of sugar dropped by 2.27 percent from Sh114.71 in January to Sh112.12 in February/FILE
NAIROBI, Kenya, Feb 28 – Overall inflation for the month of February declined to 6.86 percent compared to last month’s 7.21 percent, attributed to drop in the cost of some food prices and electricity.

The price of a kilo of sugar dropped by 2.27 percent from Sh114.71 in January to Sh112.12 in February, while the price of a kilo of kales went down by 2.01 percent from Sh45.01 to Sh44.11.

According to the Kenya National Bureau of Statistics (KNBS), the average price of a kilo of cooking fat in February was Sh216.41 from Sh217.84 in January representing a 0.66 percent.

The cost of electricity declined by 2.09 percent to Sh515.70 per 50 kilowatt-hours in February compared to Sh526.70 last month.

“Although there was no major change observed in respect of fuel cost adjustment charges to the previous month, slight decreases in forex adjustment and the Water Resources Management levy charges caused a decrease in the cost of electricity,” KNBS stated on Friday in its monthly review.

However, the Transport Index increased by 0.24 percent over the same review period mainly on account of higher prices of petrol, diesel, parking charges as well as public transport fares.

“Within Nairobi for instance, parking charges were increased from Sh140 to Sh300 per day,” KNBS said.

During the period under review, Food and Non-Alcoholic Drinks’ Index increased by 0.36 percent. This was a result of aggregate rise in prices of some food items outweighing notable falls in prices of others.

Housing, Water, Electricity, Gas and other Fuels’ Index increased by 0.70 percent due to rise in prices of cooking gas, charcoal and firewood, despite drop in kerosene prices.

Last month, the country’s inflation slightly went up to 7.21 percent from 7.15 percent in December 2013, attributed to increase in the cost of food items, fuel and transport.

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