Kenya's inflation down to 2.7 per cent as food prices drop
The prices of 50kwh and 200kwh of electricity increased by 0.3 per cent and 0.2 per cent, respectively.
A reduction in prices of some food commodities and other non-food essentials in October pushed down further the level of inflation to 2.7 per cent. This is from the previous month's record of 3.56 per cent.
The October record is more than a decade low, as an almost similar level was last witnessed sometimes early 2007.
More To Read
- Inflation up to 3.5 per cent in February on increased food and transport costs
- Kenyans brace for fuel price hike as EPRA cites rising global costs
- CBK projects cheaper fuel in 2025 will ease burden on businesses, households
- Taxes account for 46 per cent of fuel prices as state increases levies to meet revenue targets
- You will still pay higher fares despite fuel price drop, matatu association says
- Government extends controversial G-to-G oil deal, citing stabilisation of shilling
According to the monthly figures by the Kenya National Bureau of Statistics (KNBS), prices of sugar, sifted maize flour and fortified maize flour decreased by 2.3, 1.8 and 1.7 per cent, respectively between September 2024 and October 2024.
Conversely, prices of mangoes, carrots and oranges rose by 9.9, 5.7 and 5.1 per cent, respectively, during the same period.
Generally, the food and non-alcoholic beverages index increased by 0.5 per cent between September 2024 and October 2024.
The housing, water, electricity, gas, and other fuels index dropped by 0.3 percent, attributable to decreases in the prices of kerosene and liquefied petroleum gas (LPG) by 4.3 per cent and 0.4 per cent, respectively.
However, during the same period, the prices of 50kwh and 200kwh of electricity increased by 0.3 per cent and 0.2 per cent, respectively.
Nevertheless, KNBS notes that the transport index declined by 0.3 per cent between September 2024 and October 2024, mainly due to a decrease in prices of petrol and diesel by 4.3 per cent and 2.0 per cent, respectively.
Top Stories Today
- Black smoke signals no pope elected at first vote
- DCI orders Philip Aroko to surrender himself over MP Were’s murder
- Confusion over President Ruto’s 250,000 housing jobs as sector shrinks
- Respiratory illnesses, malaria lead hospital visits in Kenya
- Petition exposes Sh975bn debt linked to Treasury’s budget law breach
- Senators push for suspension of Sh23.5bn parks project
- Treasury CS Mbadi: No legal cap on number of presidential advisors
- Private sector activities rise to a 27-month high in April
- Revealed: Insider deals and offshore links driving up Kenya’s energy costs
- UHC medics reject Duale’s directive on payroll transfer to counties
- Those behind dad’s killing must be unmasked, MP Were’s son vows
- People trusted by MP Were helped plan his murder - Murkomen
- Court halts auction of Tuju’s properties over Sh4.5bn loan dispute
- Four filmmakers linked to BBC documentary released on Sh10,000 bail
- City lawyer linked to Sh1.5bn bank heist released on Sh30m bond
- EACC detectives arrest three senior NYS officials, proxies in Sh2bn graft probe
- 2024 records highest cases of extrajudicial killings in last six years - report
- US offers Sh1.29bn bounty for terror suspect linked to Manda Bay attack
- Half of Kenyans unsure about credibility of 2027 polls - TIFA
- Kenyans back Amadi for IEBC Chair but lack faith selection panel - poll
