Monday, Jan 17, 2022
HomeBusinessEconomyNovember inflation down 5.8% from 6.45% in October

November inflation down 5.8% from 6.45% in October

November inflation down 5.8% from 6.45% in October

The cost of living in November eased significantly to a seven-month low when the inflation rate dropped to 5.80 percent against the October rate which stood at 6.6.45 percent.

This signals a low cost of living in the country due to the recently witnessed state mitigation to lower higher costs of energy and food.

For example, the prices of tomatoes, Sukuma Wiki and carrots decreased by 4.00, 1.00 and 0.97 percent, respectively.

The contraction has been attributed to fall in transport costs which were down by 0.16 percent.

The housing, water, electricity, gas, however, increased by 0.49 percent between October 2021 and November 2021 on increased prices of cooking gas and house rent for single rooms that went up by 3.88 percent and 0.53 percent, respectively.

This is the lowest rate of inflation or the cost of living in Kenya since April this year when the inflation rate stood at 5.76 percent.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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