November’s inflation rate declines to 5.80pc, down from 6.45pc - Capital Business
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November’s inflation rate declines to 5.80pc, down from 6.45pc

NAIROBI, Kenya Dec 1 – Kenya’s overall year-on-year inflation rate in November declined to 5.80 percent as compared to 6.45 recorded in October this year, which was credited to an increase in prices of commodities across the country.

According to data released by the Kenya National Bureau of Statistics (KNBS), the November inflation was driven by an increase in the food and Non-Alcoholic drinks Index which rose by 0.91 percent between October 2021 and November 2021.

“This was mainly attributed to an increase in prices of some food items, which outweighed the decrease in prices of others,” read a statement from KNBS.

Additionally, the data revealed that the overall Consumer Price Index (CPI) increased by 0.45 percent from 116.674 in October to 117.203 this month.

Overall, food prices in food prices in November 2021 were relatively high compared with foods prices recorded in November 2020.

Of all the selected commodities reviewed, prices of sugar, cooking oil, and potatoes (Irish) increased by 11.94, 5.74, and 3.34 percent, respectively compared to last month.

However, prices of tomatoes, kales (sukuma wiki), and carrots decreased by 4.00, 1.00, and 0.97 percent, respectively.

On the other hand, the Housing, Water, Electricity, Gas and Other Fuels’ Index increased by 0.49 percent between the period under review due to what was attributed to an increase in the prices of cooking gas (LPG) and house rent for single rooms that went up by 3.88 percent and 0.53 percent respectively.

The prices of electricity (50 kilowatts) and electricity (200 kilowatts) decreased by 0.39 percent and 0.29 percent, respectively.

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