Inflation rate in Kenya for the month of September was recorded at 7.06 percent, its lowest point in 8 months.
This was a drop compared to August when it was at 8.04 percent. In January, the rate hit 6.99 percent, the lowest point this year. And in May, the rate reached a five year high of 11.7%.
According to the stats office, the drop in September was due to fall in the cost of some food items which was mainly attributed to a relief from a situation of depressed supply of goods and services as experienced in August 2017. As a result, the year on year food inflation dropped to 11.50 per cent in September 2017.
“During the same review period; Housing, Water, Electricity, Gas and Other Fuels’ Index, decreased by 0.16 per cent. This was mainly due to notable decrease in the cost of electricity which outweighed observed marginal increases in the cost of house rents and cooking fuels. The Transport Index recorded an increase of 0.70 per cent over the same period, on account of increase in pump prices of petrol and diesel.” KNBS said in a statement.
