Commodity Prices ease  in July on good weather and Govt subsidies

By Vera Shawiza / August 1, 2017




Commodity prices reduced significantly in the month of July, bringing about a sigh of relief to Kenyan households due to trickle-down effect of improved weather conditions and government subsidies on a number of staple food items.

The commodities that are mostly being consumed by almost every household in Kenya on a daily basis include maize flour, sugar, milk, rice, onions, irish potatoes, tomatoes, Sukumawiki, cabbages and wheat flour.

According to the recent data released by the Kenya National Bureau of Statistics (KNBS) on consumer price indices (CPI) and inflation for the month of July, inflation currently stands at 7.47 percent. CPI on the other hand decreased by 0.96 percent from 185.39 in June 2017 to 183.60 in July 2017.

A kilogram of sugar was being retailed at an average price of 156.28 shillings in June but in July, the price went down by 6.12 shillings to 150.16.  A kilogram of irish potatoes which was being sold at an average market price of 72.15 shillings in June went down to 56.75 shillings in July.

Maize in the last four months, the grain was not easily accessible in the market due to acute shortage.

Related: Delayed poor long rains to worsen Kenya’s food security – FAO

Households, especially the low and middle income ones had to go for days without the taste of it. In June, a 2-kilogram packet of maize flour was being sold at an average price of 119.08 shillings, in July in went down to 116.56 but at the moment, the prices have gone down even further to 90 shillings.

A packet of 500ml fresh milk is being sold in most supermarkets between 48 shillings and 61 shillings.

The cost of living in Kenya has been on an upward trend for the better part of the year, most of it being attributed to the acute drought that hit the country since September 2016.



About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing. Vera can be reached at: (020) 528 0222 or Email: [email protected]

View other posts by Vera Shawiza


More Articles From This Author







Other Related Articles








SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2018
  • January 2018 (291)
  • February 2018 (220)
  • March 2018 (279)
  • April 2018 (226)
  • May 2018 (240)
  • June 2018 (178)
  • July 2018 (168)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (196)
  • September 2017 (186)
  • October 2017 (236)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (167)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (250)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (154)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (171)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950