The Kenyan Shilling has strengthened further against the U.S Dollar amid subdued demand for the dollar.
Inflation rate
Year-on-year inflation rose to 5.9 percent in March from 5.78 percent a month earlier.
According to the Kenya National Bureau of Statistics, prices of food and non-alcoholic drinks, which makes up a third of the inflation basket, grew 6.7 percent due to increases in the cost of items such as mangoes and beef.
Save for tomatoes and maize flour, Kenyans paid more for cooking oil, sukuma wiki and peas.
Fuel inflation has been on the rise since last year, due to increasing oil prices and the cost of diesel went up 5.6% in last month’s review.
As a result of the skyrocketing fuel prices, bus fare shot up by 81.4 percent, electricity jumping by 10.5 per cent, petrol by 10.3 per cent while kerosene rose by 2.5 per cent.
The housing, water, electricity, gas and other fuels index increased by 4 percent and the transport index jumped by 18 percent.
