August inflation up to almost 7 percent

August 31, 2013

CHAPAA-LESS-2NAIROBI, Kenya, August 31- Kenya’s overall inflation has gone up once again in the month of August to stand at 6.67 percent from July’s figure of 6.02 percent.

Kenya National Bureau of Statistics(KNBS) attributes the development to increase in restaurant and hotel index by 0.85 percent on account of marginal rises in the cost of café’ and kiosks foods as well as hotel accommodation.

Housing, water and electricity index also rose by 0.99 while transport index increased by 0.84percent.

Food and non alcoholic drinks index increased marginally by 0.10 percent.

“This marginal increase in the index (Food and non alcoholic drinks) was as a result of aggregate rises that outweighed falls in the average prices of various food items,” KNBS said in a statement, “The transport index went up due to increases on the pump prices of petrol, diesel and public transport fares.”

The price of a 500ml packet of milk went up by 2.71 percent from Sh38.88 in the month of July to Sh39.94 in August while a kilogram of beef rose to Sh342.87 to Sh346.61, representing a 1.09 percent.

A basic meal of ‘Ugali Mboga’ increased by 0.34 percent to sell at average price of Sh81.79 in August from Sh81.52 with motorists paying more at the pump by 1.88 percent from an average price of Sh109 in July to Sh112 in August.

However the price of 2kg sifted maize flour decreased by 1.64 percent from 108.09 to Sh106.33.

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