Inflation rate rises marginally

The rate of inflation has risen marginally to 4.83 percent in January from 4.5 percent last month.

The Kenya National Bureau of Statistics attributes this majorly to an increase in the prices of some foodstuffs which outweighed the fall in others.

The increase in pump prices of both diesel and kerosene also had a major impact with the transport index recording a 1.53 percent increase.

This month however, the food and non-alcoholic beverages index increased by 1.69 percent in some food prices that outweighed the fall in others.

This has consequently led to a slight increase in the rate of inflation by 1.32 percent to 4.83 percent well within the government’s target range of between 2.5 to 7.5%.

Some of the food stuffs that experienced a drop in prices include sugar and mangoes while cabbages, Sukuma Wiki and Irish potatoes recorded the highest increase in prices.

During the period under review, the Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.9 percent which KNBS attributed to slight increases in house rents, electricity, charcoal and kerosene.

The increase in pump prices of both diesel and kerosene also had a major impact with the transport index recording a 1.53 percent increase.

  

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