Kenya’s inflation stood at 6.6 per cent in the last month of last year, driven by increases in prices of commodities under Transport; Housing, Water, Electricity, Gas and other fuels; and Food and Non-Alcoholic Beverages.
- •The three account for over 57 per cent of the weights of the 13 broad categories.
- •The inflation estimate is generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption goods and services.
- •The data collection is conducted in the second and third weeks of the month from a sample of outlets located in 50 data collection zones across the country.
The Food and Non-Alcoholic Beverages Index rose by 0.3 per cent between November 2023 and December 2023. This was lower than the increase of 0.4 per cent observed between October 2023 and November 2023. The prices of carrots, kale “Sukuma-wiki”, mutton/goat meat and beef with bones increased by 14.5, 6.2. 5.1 and 3.6 per cent, respectively between November 2023 and December 2023.
During the same period, however, prices of mangoes, potatoes, maize flour-sifted and fortified maize flour went down by 5.7, 4.9, 3.8 and 3.7 per cent, respectively.
- •The Housing, Water, Electricity, Gas and Other Fuels’ Index increased by 0.4 per cent between November 2023 and December 2023 mainly due increase in prices of 200 kWh and 50 kWh of electricity by 1.0 per cent and 1.2 per cent, respectively.
- •The price of a litre of Kerosene dropped by 2.0 per cent during the same period. Despite a drop in the prices of petrol and diesel by 2.3 per cent and 1.0 per cent, respectively.
- •Between November 2023 and December 2023, the Transport Index went up by 0.5 per cent during the period, mainly due to increase in country bus fares for some routes.
Kenya’s Inflation Rate Dropped Marginally in November – Kenyan Wallstreet
