Kenya's inflation hits 5.62pc in December -KNBS - Capital Business
Connect with us

Hi, what are you looking for?

https://www.capitalfm.co.ke/business/
https://www.capitalfm.co.ke/business/
Vegetables in a stall/ COURTESY

Kenya

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.

Advertisement

More on Capital Business

World

LONDON, April 23 (Xinhua) — The British government’s flagship Rwanda bill is set to become law after months of wrangling ended in a parliamentary...

Kenya

NAIROBI, Kenya, April 23 – Ride-hailing platform Bolt, in partnership with M-KOPA, an African fintech firm, has launched its electric motorcycle fleet in Kenya...

Kenya

NAIROBI, Kenya, April 23 – Wire and wire product maker, Wire Product Limited, plans to announce 178 positions as redundant due to financial constraints....

Features

NAIROBI, Kenya, April 23 – While still pursuing her degree in Business Management and Accounting at the University, Hope Tamara joined Imarisha Mabati roofing...

Top Story

DHAKA, April 23 (Xinhua) — Chinese mobile phone manufacturer TECNO brings their groundbreaking Artificial Intelligence Operating System to Bangladesh, marking a significant leap forward...

World

SEOUL, April 23 (Xinhua) — South Korea’s foreign currency deposit fell for the third successive month due to higher demand for import settlement, central...

Kenya

NAIROBI, April 22 (Xinhua) — Kenyan President William Ruto on Monday called for the harmonization of information and communication technology (ICT) policies across Africa...

World

KABUL, April 22 (Xinhua) — Afghanistan exported dry fruits worth 466 million U.S. dollars in the Persian calendar year 1402 ended on March 19,...