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    1.0.32

    Kenya's Inflation rises for the first time in 2016

    The Kenyan
    By The Kenyan Wall Street
    - June 30, 2016
    - June 30, 2016
    Kenya Business news

    Kenya’s overall June 2016 inflation rose to 5.80 percent from 5.00 percent a month earlier, the Kenya National Bureau of Statistics said on Thursday.

    CPI increased by 1.05 per cent from 167.99 in May 2016 to 169.76 in June 2016.

    Between May and June 2016, Food and Non-Alcoholic Drinks’ Index increased by 2.06 per cent This resulted from increases in the prices of many food items which outweighed the decreases.

    Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.08 per cent in June 2016 compared to the previous month. This was mainly attributed to price increases in respect of kerosene, other cooking fuels and house rents which outweighed notable fall in the price of cooking gas.

    The cost of electricity however, remained at the same level as in the previous five months of January to May 2016. Over the same review period, the Transport Index increased by 0.34 per cent. This increase was mainly on account of higher cost of petrol and diesel.

    Related; May inflation drops to a 3-year low as food prices hit an all time high

    The Kenyan Wall Street

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