Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
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.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...