Kenya’s inflation rate increases by 1.39pc

March 29, 2018
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This was mainly due to increase in prices of some foodstuffs which outweighed decreases recorded in respect to others/FILE

, NAIROBI, Kenya, Mar 29 – Kenya’s inflation rate increased by 1.39 per cent from 188.00 in February to 190.62 in March 2018 owing to an increase in cost of food.

The Kenya National Bureau of Statistics latest survey carried out in Nairobi and across 13 other urban cities shows that food and non-alcoholic beverages increased by 1.54 per cent.

This was mainly due to increase in prices of some foodstuffs which outweighed decreases recorded in respect to others.

Year on year inflation however decreased from 3.83 per cent in February 2018 to 2.19 percent in March 2018.

The monthly KNBS survey, however, noted the index on housing and amenities such as water, electricity and gas increased by 3.78 per cent due to an increase in the price of cooking fuels.

The rise in electricity was accounted to rise in fuel cost adjustment charges per KWh of consumption.

The Consumer Price Index was generated by conducting a survey of retail prices for a basket of household consumption goods and services during the second and third weeks of the month under review.

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