inflation

Kenya’s overall year-on-year inflation rate increased to 5.71 percent in December from 5.58 percent in November due to a general increase in demand for goods and services over the Christmas period, statistics agency said on Monday.

Kenya National Bureau of Statistics (KNBS) said that the Consumer Price Index increased by 0.65 percent on a monthly basis to stand at 193.51 in December.

“Between November and December 2018, food and non-alcoholic drinks index increased by 1.05 percent,” said the bureau in a statement.

KNBS said that the increase in the food index was due to a rise in prices of some foodstuffs which over-weighed decreases recorded in respect of others.

According to the agency, year-on-year food inflation in December stood at 2.54 percent.

Housing, water, electricity, gas and other fuels’ index increased by 0.07 percent in December compared to November.

During the same period, the transport index increased by 1.34 percent mainly on account of increase in local and international flight charges.

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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