Connect with us

Hi, what are you looking for?

Kenyan firms reported record low business confidence for 2022 as Covid-19 continued to ravage economic recovery/FILE

Kenya

Kenya’s Year on Year Inflation rises to 5.78pc in February – Data

NAIROBI, Kenya, Feb 27 – Kenya’s year-on-year inflation in February increased to 5.78 percent compared to 5.69 percent last month.

Data from the Kenya National Bureau of Statistics reveals that the Consumer Price Index was up by 0.70 percent from 112.576 in January to 113.365 in February 2021.

During the period under review, the food and non-alcoholic beverages index increased by 1.01 percent while the year-on-year food inflation stood at 6.93 percent in February.

“The food inflation was mainly attributed to increasing in prices of some food items which outweighed the decrease in prices of other foodstuffs,” reads the KNBS statement.

Prices of beef with bones, wheat flour white, and tomatoes increased by 0.78, 2.07, and 2.1 percent respectively.

However, a decrease was noted in other food items such as lemons, mangoes and maize grain decreased by 5.64, 0.33, and 0.18 percent respectively.

During the same period, the housing, water, electricity, gas, and other fuels’ index increased by 0.43 percent between January and February 2021.

“The change was mainly due to an increase in the price of kerosene by 6.02 percent between January and February 2021,” said KNBS Director General Macdonald Obudho.

At the same time, the transport index decreased by 2.33 percent mainly due to a rise in the pump prices of diesel and petrol by 5.66 and 7.57 respectively.

Advertisement. Scroll to continue reading.

 

1 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...

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...

Headlines

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

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...