Kenya’s monthly inflation slowed in the month of November on reduced prices of food and non-alcoholic beverages, transport housing as well as gas.
Latest data from the Kenya National Bureau of Statistics (KNBS) shows that November’s inflation dropped to 9.5 per cent from 9.6 per cent in the previous month.
Reduced inflation came after cost of food and non-alcoholic beverages fell to 15.4 per cent from 15.8 per cent in the period.
Similarly, transport costs dropped from 11.7 per cent to 11.6 per cent, with housing, water, gas and other fuels dropping to 6.1 per cent from 7.1 per cent.
“The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 9.5 per cent in November 2022. The rise in inflation was largely due to increase in prices of commodities under food and non-alcoholic beverages (15.4%); transport (11.7%), and housing, water, electricity, gas and other fuels (6.1%) between November 2021 and November 2022,” KNBS says in its monthly report.
While prices of cabbages, potatoes (Irish), kales-sukumawiki and beans increased by 8.4, 6.9, 3.0 and 1.8 per cent, respectively, bills of cooking oil (salad), tomatoes and fortified maize flour dropped by 6.0, 2.2, and 1.0 per cent singly.
“The Housing, Water, Electricity, Gas and Other Fuels’ Index decreased by 0.4 per cent between October 2022 and November 2022. This was mainly due to drop in prices of 50 Kilowatts electricity units, 200 Kilowatts electricity units, gas/LPG and kerosene by 4.7, 3.6, 2.6 and 0.7 per cent, respectively,” KNBS stated.
Global inflation, the war in Ukraine, a weakening shilling coupled with the Covid-19 pandemic economic effects have negatively impacted Kenya’s economy.