Drought pushes inflation to a one-year-high of 9.04pc

February 28, 2017
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Over the review period, food and Non-Alcoholic Drinks’ Index increased by 3.28 per cent. /FILE

, NAIROBI, Kenya, Feb 28 – Drought has pushed Kenya’s Inflation to hit 9.04 percent surpassing government’s target of 7.5 percent and a few points to the alarming double-digit number.

The previous month inflation was at 12-month high of 6.99 percent.

Kenya National Bureau of Statistics says food andnonalcoholicc drinks went up by 3.28 percent in February mainly attributed to increases in the prices of Sukuma Wiki, maize flour, milk, cabbages, Potatoes and maize grain.

“The year on year food inflation stood at 16.5 percent in February 2017,” KNBS notes.

Housing, water, electricity and gas index went up by 0.4 percent while transport index went up by 0.74 percent in the period under review.

Inflation Rate in Kenya averaged 10.23 percent from 2005 until 2017, reaching an all-time high of 31.50 percent in May of 2008 and a record low of 3.18 percent in October of 2010.

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