inflation
inflation

Kenya’s overall inflation rate rose to 5.56 percent in November up from 4.95 percent in October due to an increase in the cost of some foodstuffs, the national statistics bureau said on Friday.

Zachary Mwangi, director general of Kenya National Bureau of Statistics (KNBS) said that the consumer price index increased by 0.40 percent from 202.12 in October to 202.94 in November.

“The overall year on year inflation in November 2019 stood at 5.56 percent,” Mwangi said in a statement issued from Nairobi.

According to KNBS, between October and November, the food and non-alcohol drink’s index increased by 0.62 percent due to an increase in prices of some foodstuffs outweighing decreases recorded in respect of others.

Mwangi said that the housing, water, electricity, gas and other fuels’ index, increased by 0.29 percent mainly attributed to an increase in house rent and cooking fuels.

He added that the transport index increased by 0.29 percent, mainly due to an increase in pump prices of diesel and petrol.

The prices were obtained from selected retail outlets in 25 data collection zones in Nairobi and in 13 other urban centers. Enditem

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