Kenya’s inflation eases in October

October 31, 2013
Shares

,

The Kenya National Bureau of Statistics (KNBS) says the marginal decline was due to the drop in overall cost of food items, transport and fuel/XINHUA FILE
The Kenya National Bureau of Statistics (KNBS) says the marginal decline was due to the drop in overall cost of food items, transport and fuel/XINHUA FILE
NAIROBI, Kenya, Oct 31 – Kenya’s overall monthly inflation has dropped to 7.76 percent in the month of October from 8.29 percent in September.

The Kenya National Bureau of Statistics (KNBS) says the marginal decline was due to the drop in overall cost of food items, transport and fuel.

The average cost of a 500ml packet of fresh milk reduced by 5.21 percent from Sh57.43 in September to Sh54.44 in October.

A kilo of spinach dropped by 7.16 from Sh48.13 to Sh44.69 in October while one kilogram of sukuma wiki sold at Sh44.74 in October from Sh45.31.

The average cost of a kilogram of cabbages dropped by 1.26percent from Sh51.13 to Sh50.49 while a kilo of tomatoes declined by 1.92percent to Sh62.38 from Sh63.6.

Similarly, the transport index decreased marginally by 0.05 percent mainly due to reduced prices of petrol and diesel.

“On account of notable reductions in the prices of kerosene, electricity and cooking gas, the housing, water, electricity, gas and other fuels index declined by 0.16 percent,” KNBS said in its monthly review statement.

A litre of petrol went down to Sh113.07 in October from Sh114.27 in September while diesel sold at Sh104.47 from Sh105.55 a litre.

Shares

Latest Articles

Stock Market

Most Viewed