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    Kenya-Inflation-Economy

    Kenya: Inflation rises to 5.58 percent in November

    APA-Nairobi (Kenya)

    Kenya’s overall inflation rate for the month of November rose marginally to 5.58 percent, from 5.53 percent in October, mainly due to an increase in the cost of transport, the Kenya National Bureau of Statistics (KNBS) disclosed on Friday.

    According to the statistics body, the transport index increased by 0.81 per cent compared to the previous month.

    “This was mainly on account of increase in the pump prices of petrol and public transport fares,” KNBS said in a statement issued in Nairobi.

    Meanwhile, between October and November 2018, food and non-alcoholic drinks’ index decreased by 0.15 per cent due to decrease in prices of some foodstuffs outweighing increases recorded in others.

    “For instance, the price of sugar and cabbages declined by 2.2 per cent and 4.4 per cent, respectively, compared with last month. The year on year food inflation in November, 2018 was 1.72 per cent,” added the statement.

    Additionally, housing, water, electricity, gas and other fuels’ index, decreased by 1.24 per cent in November 2018 compared to October 2018.

    The drop was mainly due to lower costs in prices of electricity consumption, KNBS continued.


    JK/afm/APA

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