October's inflation declines to 6.45 pc down from 6.91pc - Capital Business
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Africa

October’s inflation declines to 6.45 pc down from 6.91pc

NAIROBI, Kenya, October 29 – Kenya’s overall year-on-year inflation rate in October declined to 6.45 percent down from the 6.91 percent recorded in September, the latest data by the Kenya National Bureau of Statistics (KNBS) has revealed.

KNBS, in a statement, said the October inflation was driven by among others, an increase in  Food and Non-Alcoholic Drinks Index which rose by 1.11 per cent between September 2021 and October 2021.

“This was mainly attributed to increase in the price of some food items, which outweighed the decrease in others.,” KNBS said.

Overall, food prices in October 2021 were relatively higher compared with foods prices recorded in October 2020.

Of all the selected commodities reviewed, prices of tomatoes, oranges, and sugar increased by 3.53, 3.12, and 2.50 percent, respectively compared to last month.

On the other hand, prices of spinach, beans, and potatoes decreased by 2.73, 0.45, and 0.36 percent, respectively.

“The CPI increased by 0.51 percent to 116.674 in October 2021,” it added,

The Transport Index decreased by 0.35 percent mainly due to a drop in the price of petrol and diesel, which went down by 3.69 percent and 4.29 percent, respectively between September and October.

Over the same period, the Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.67 percent due to what was attributed to an increase in prices of cooking gas (LPG), electricity, and house rent.

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Between October 2020 and October 2021,  food and non-alcoholic beverages rose 10.60 percent, the transport index rose by 8.15 percent while housing, water, electricity, gas, and other fuels rose by 5.80 percent

 

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