Kenya’s Inflation Rises Steadily on a Ten-Month High

Kenya’s annual inflation has risen to 5.9% in March. This is the highest rate in 10 months, from 5.8% in February. The inflation rate maintained an upward trend mainly due to the increase in the price of fuel and some food items during that period under review.

According to data from the Central Bank of Kenya, fuel prices went up by 15.8% while the prices of food items rose 6.7%. Non-fuel and non-food prices increased by 2.3%.Ksh.

Consumer Price Index, which measures what buyers pay for everyday items like food and clothing, increased by 0.4% to 113.81 in March from 113.37 in February.

Your Friends Also Read:  Africa needs $108bn to Tackle Infrastructure Gaps – Adesina

An increase in the price of fuel led to a 0.59% month on month rise in the housing, water, electricity and other fuels’ index. The transport index went up by 1.49% from February to March.

Kenya’s National Bureau of Statistics collects data on retail prices of a basket of household consumption goods and services on the second and third week of the month and uses the data to generate the consumer price indices and inflation rates.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.
Your Friends Also Read:  Kenya Airways Postpones Resumption Of New York Flights

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article

Ogun State Government Inaugurates Amotekun Corps

Next Article

Wits Academic Staff Join Protesting Students in Solidarity

Related Posts