The Kenya National Bureau of Statistics said the Consumer Price Index (CPI) increased from 162.13 in October to 162.97 in November.

inflation
inflation

“During the period, Food and Non-Alcoholic Drinks’ Index increased by 1.08 percent. This aggregate increase in the food index was a result of rise in prices of several food items which outweighed the decreases,” the bureau said in a statement issued in Nairobi.

Over the same review period, Housing, Water, Electricity, Gas and Other Fuels’ index decreased by 0.13 percent.

“This aggregate decrease was mainly due to cost decreases in electricity, kerosene and cooking gas. The cost of consuming 50 and 200 KWh of electricity, for instance, decreased by 9.4 percent and 6.1 percent respectively, mainly on account of lower forex adjustment charges in November.

The Transport Index decreased by 0.37 percent in November compared to the previous month, which the bureau attributed to decreases in the cost of petrol and diesel.

Analysts said the increase in inflation could be partly attributed to heavy rains pounding most parts of the country, which are hampering transportation of food even as crops are destroyed in the farms.
The sustained rise in inflation since August comes at a time when the cost of loans is high, meaning interest rates may still remain high for a longer period.

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

Source: Xinhua

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