Kenya’s year-on-year inflation rate in March 2019 stood at 4.35 per cent, an increase from the 4.14 per cent recorded in March, the stats office KNBS has reported.
The monthly report indicated that the increase was driven by the prevailing drought conditions which led to the rise in prices of some food items. Food and Non-Alcoholic Drinks’ Index increased by 3.30 per cent.
“Food items such as maize grain were lower in March 2019 compared to March 2018. For instance, maize grain recorded a drop of 33.81 per cent from KSh 62.78 per kilogram in March 2018 to KSh 41.56 in March 2019,” the KNBS report added.
The Housing, Water, Electricity, Gas and Other Fuels’ Index, on the other hand decreased by 0.06 per cent in March compared to February 2019 as a result of lower cost of electricity which outweighed increase in house rents and cooking fuels.
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