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Kenya’s year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.45 pc/ COURTESY


Kenya’s inflation hits 5.62pc in December -KNBS

NAIROBI, Kenya, Jan 1-Kenya’s year-on-year inflation in December 2020 increased to 5.62 percent compared to 5.46 percent recorded in November 2020.

Data from the Kenya National Bureau of Statistics reveals that the Consumer Price Index in December stood at 111.56, compared to 110.78 in November 2020.

During the period under review, the food and non-alcoholic beverages index increased by 2.45 percent, between November and December while the year on year food inflation increased by 7.19 percent.

The food inflation was mainly attributed to increase in prices of food items which outweighed the decreases.

Prices of loose maize flour and capsicums declined by 1.28 percent and 8.91 percent respectively.

On the other end, prices of spinach, oranges and kales rose by 8.09, 6.18 and 5.16 percent respectively.

During the same period, the housing, water, electricity, gas and other fuels’ index increased by 0.59 percent between November and December 2020, with KNBS attributing the rise in increased cost of electricity and kerosene at 0.76 and 2.08 percent.

The transport index increased by 1.15 percent mainly due to a rise in the pump prices of diesel and petrol.

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