A fall in the price of vegetables, maize flour, beans, kerosene, and cooking gas resulted in a slight drop in Kenya’s monthly inflation rate to 4.2% in September. This is compared to a rate of 4.36% the previous month.
Rent for a double room in Nairobi dropped from KSh 6278.84 to KSh 6276.65 in September.
The price of a kilo of beef edged up from KSh 433.21 to KSh 435.92 while that of oranges was up from KSh 61.90 to KSh 64.26, an increase of 3.82%.
The price of potatoes, cabbages and carrots also rose in the month of September.
There was a drop in the price of clothes and footwear, transport; insurance and financial services; alcoholic beverages, tobacco and narcotics; housing, water, electricity, gas and other fuels; transport as well as recreation, sports and culture.
According to the Central Bank of Kenya (CBK) inflation is still within its target range and will remain muted on the back of lower food prices, reduction in value-added tax and weak consumer demand.