Rising food costs have pushed Kenya’s October Inflation to 4.84%, up from 4.25% in September. The Consumer Price Index (CPI) increased by 0.95% from 108.57 to 109.60, month on month.
Data from the Kenya National Bureau shows that CPI for food and Non-Alcoholic beverages rose by 1.14%, especially hitting carrots, mutton, wheat flour white, and Avocados. In October, Kilos of the commodities cost Ksh 71.20, Ksh 525.71, Ksh 117.76, and Ksh 60.54 compared to Ksh 70.55, Ksh 521.46, Ksh 116.83, and Ksh 60.25 in September.
The cost of housing and utilities rose by 0.94% while the transport cost increased by 0.62%. Higher costs of transport are in tandem with the higher petrol prices, which surged by 1.72%.
“The Transport Index increased by 0.62 per cent over the same period. This was mainly due to a rise in the price of petrol by 1.72 per cent, which outweighed the decrease of 1.68 per cent in the price of diesel,” reads a KNBS report.
Similarly, the cost of utilities follows the increase in price tag for cooking fuels and electricity. A litre of Kerosene cost 0.69% more while 2000 Kwh of electricity costs 3.15% more in October compare compared September. The price of cooking gas, however, fell by 0.78%.
Kenya’s October inflation rose for the first time in the past five months, putting more pressure on the Kenyan pocket which had eased since April.
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