Economy

High food prices push Kenya’s inflation to 7.1% in May

Inflation in Kenya for the month of May jumped to 7.1 percent from 6.4 percent in April pointing out the high cost of living among Kenyans.

In a report by the Kenya National Bureau of Statistics (KNBS), the 7.1 percent inflation was due to the high cost of food and fuel.

“The rise in inflation was mainly due to increase in prices of commodities under; food and non-alcoholic beverages (12.4 percent); furnishings, household equipment and routine household maintenance (7.9 percent); transport (6.4 percent) and housing, water, electricity, gas and other fuels (6.0 percent),” KNBS said.

According to KEBS, a 2kg packet of maize flour went up by 6.9 percent to sell at Ksh.147.57 in May, a litre of cooking oil was up 5.3 percent to Ksh.370.71, while a 500ml packet of milk sold at Ksh.57.30, up 3.7 percent.

An increase in fuel prices also saw transport fares shoot up in the month of May.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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