Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
A vendor sells kerosene at Nairobi's Kibera slum/CFM-File

Kenya

Kenya’s inflation eases slightly in December

A vendor sells kerosene at Nairobi’s Kibera slum/CFM-File

NAIROBI, Kenya, Dec 28- Kenya’s overall inflation rate has dropped further to 3.20 percent in December, compared to 3.25 percent in November.

The Kenya National Bureau of Statistics (KNBS) attributed the drop to price decreases on some food products.

The average price of two kilograms of sifted maize flour decreased by 1.9 percent from Sh114.52 in November to Sh112.36 in December while one kilo of green grams dropped to Sh118.46 from 119.67 in November.

There was also a drop in the average price of one litre of cooking oil by 0.5 percent from Sh230.87 in November to Sh229.70.

However, a kilo of sugar, two kilos of wheat flour and kerosene went up by 2 percent, 2.5 percent and 1.8 percent respectively.

Housing, water, electricity, gas and other fuels’ index went up 0.06 percent between November and December.

“This small increase was due to slightly higher costs of house rents, kerosene and other cooking fuels which outweighed the observed lower costs of electricity and cooking gas,” said KNBS in its monthly statement.

A 50kw/hr of electricity and 13kg cooking gas went down by 1 and 0.5 percent respectively.

The transport index went up by 1.55 percent over the same period, mainly due to higher costs of taxi, bus and matatu fares associated with Christmas festivities.

Month-on-month Inflation has been on a steady decline since November last year, when it peaked to 19.72 per cent.

Kenya’s inflation hit a single digit of 7.74 percent in July this year from 10.05 percent in June.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...