Connect with us

Hi, what are you looking for?



Spike in Price of Petrol Pushes May inflation to 5.87pc

NAIROBI, Kenya, Jun1- Kenya’s year-on-year inflation in May increased to 5.87 percent compared to 5.76 percent in April.

Data from the Kenya National Bureau of Statistics reveals that the Consumer Price Index increases by 0.20 percent from 114.746 in April 2021 to 114.977 in May 2021.

KNBS has attributed the spike in the cost of living to higher petrol prices in the period.

As such, the transport index increased by 0.69 percent after a 2.87 percent rise in reviewed Petrol prices on May 14.

During the period under review, the food and non-alcoholic beverages index also  increased by 0.32 percent while the year-on-year food inflation stood at 7.02 percent in May.

Some of the food items that increased in the review period include onions, sukumawiki, cabbages, tomatoes and beef.

However, prices of oranges and Irish potatoes decreased by 3.99 percent and 2.05 percent respectively.

During the same period, the housing, water, electricity, gas, and other fuels’ index decreased by 0.15 percent between April and May 2021.

This was mainly attributed to decrease in prices of charcoal and electricity.

Advertisement. Scroll to continue reading.

The consumer prices are expected to weigh heavily on Kenyans due to reduced disposable incomes occasioned by the outbreak of the coronavirus disease.



Click to comment

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...


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


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


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


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