Kenya’s inflation at 5-year high of 7.9%

Kenya’s inflation accelerated to a record high in June amid increased costs of food and high fuel prices which have continued to strain Kenyans.

The monthly inflation data by the Kenya National Bureau of Statistics (KNBS) shows the overall rate of inflation in June was 7.9 per cent compared to 7.1 per cent in May.

In the latest figures, the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households, increased by 0.9 per cent from an index of 123.12 in May 2022 to 124.22 in June 2022.

“The rise in inflation was mainly due to increase in prices of commodities under; food and non-alcoholic beverages (13.8 per cent); furnishings, household equipment and routine household maintenance (9.2 per cent); transport (7.1 per cent) and housing, water, electricity, gas and other fuels (6.8 per cent) between June 2021 and June 2022,” KNBS said in a statement.

The month-to-month food and non-alcoholic beverages index increased by 1.2 per cent between May 2022 and June 2022.

Compared to May 2022, prices of wheat flour-white, carrots and cooking oil (salad) increased by 12.7, 4.7 and 4.7 per cent in June 2022, respectively.

A kilo of wheat flour-white retailed at Sh186.90 in June compared to Sh165.89 in May while a litre of cooking oil retailed at Sh387.98 up from Sh370.71.

During the same period, prices of onions-leeks and bulbs and potatoes (Irish) dropped by 5.3 per cent and 4.8 per cent, respectively.

A kilo of onions retailed at Sh134.58 while a kilo of potatoes was Sh84.85.

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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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