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Browsing: food prices in Kenya
- The prices of key food commodities influenced Kenya’s Inflation drop.
- KNBS says the food and non-alcoholic beverage index, which represents 32.9 per cent of inflation measurement, dropped by 0.1 per cent.
- KNBS data adds that housing, water, electricity, gas, and other fuels’ index dropped by 1.3 per cent
Kenya’s inflation dropped to a record 24-month low in April, hitting five per cent, according to the latest data from the Kenya National Bureau of Statistics, as prices of key food commodities continued to fall.
This is the third month in a row that the index has dropped, from 6.9 per cent in January to 6.3 per cent in February 5.7 per cent in March, and now five per cent last month. (https://hummingbirddental.ca/) The continued drop comes despite some price rises on some indices.
Major contributors to April’s year-on-year price rises included transport, food and non-alcoholic beverages, housing, water, electricity, …
- Inflation in Kenya slightly increased to 6.9 per cent in January after declining for two consecutive months in November and December.
- Official statistics show that increases in food, energy, and transportation costs, which together account for about 57 per cent of household budgets, drove up inflation in Kenya.
- Between December 2023 and January 2024, the prices of Irish potatoes, carrots, oranges, and cabbages increased.
In January, inflation in Kenya increased marginally to 6.9 per cent, attributed to a rise in food prices. This comes after a consecutive decline in inflation for two months in November and December, easing below the statutory level to 7.3 per cent in July.
November recorded 6.8 per cent, decreasing to 6.6 per cent in December. The latest statistics from the Kenya National Bureau of Statistics (KNBS) indicate that consumers in Kenya will need to dig deeper into their pockets to buy basic food items.