February Inflation drops to 5.07% on unchanged fuel prices

February Inflation drops to 5.07% on unchanged fuel prices

The inflation rate in February dropped to 5.07 percent from the January record of 5.37 percent, according to the Kenya National Bureau of Statistics (KNBS).

KEBS has attributed the eased cost of living to the unchanged fuel prices since December last year.

Maximum prices at the pump has for instance left petrol and diesel prices at Ksh.130.54 and Ksh.111.51 on average countrywide in the month of February.

Meanwhile the cost of electricity measured by 50 units (kilowatts) was also unchanged at Ksh.796.83 during the month while house rents for a single room were only up by a mere 0.24 percent.

This is despite the cost of food having risen for the past one month. According to KEBS, food and non-alcoholic beverages index went up by 0.83 percent in February.

A two kilogram pack of sifted maize flour for instance now costs Ksh.129.25 from Ksh.126.31 while a 400 gram loaf of white bread costs Ksh.55.85 on average from Ksh.55.19.

Meanwhile, 500 grams of cooking fat costs Ksh.149.44 from Ksh.142.05 while the cost of one litre salad cooking oil has soared by 2.1 per cent to Ksh.305.70.

A kilo of Irish potatoes costs Ksh.78.17 on average from Ksh.76.16 while a kilo of carrots cost more by 2.1 per cent at ksh.83.08.

The recent inflation rate is the lowest on record since October 2020 when the rates stood at 4.84 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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