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August Inflation Drops to 6.26 percent

BY David Indeje · September 1, 2016 06:09 am

Kenya’s August inflation dropped to 6.26 percent from 6.39 percent in July according to the Kenya National Bureau of Statistics in a statement.

The Consumer Price Index (CPI) indicates food and non-alcoholic beverages accounted for 36 per cent of total weight while housing, water, electricity, gas and other fuels was 18.3 per cent.

Transport and clothing/ footwear accounted for 8.7 per cent and 7.4 per cent respectively of the total index.

Additionally, furnishings, household equipment and household maintenance were recorded at 6.2 per cent.

Consumer spending on leisure, restaurants and hotels represented 4.5 per cent as well as miscellaneous goods and services 4.5 per cent.

Communication accounts for 3.8 per cent of total weight, health for 3.1 per cent and education for 3.1 per cent.

Recreation and culture represented 2.3 per cent while alcoholic beverages, tobacco and narcotics the remaining 2.1 per cent.

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KNBSAugust

Consumer prices in country rose 6.4 per cent year-on-year in July of 2016, after a 5.8 per cent surge in the preceding month. It was the highest figure since March 2016, boosted by higher food prices.

On a monthly basis, consumer prices jumped 0.6 per cent following a 1 per cent rise in the previous month.

The inflation averaged 10.38 per cent from 2005 until 2016, reaching an all-time high of 31.50 per cent in May of 2008 and a record low of 3.18 per cent in October of 2010.

 

David Indeje is a writer and editor, with interests on how technology is changing journalism, government, Health, and Gender Development stories are his passion. Follow on Twitter @David_Indeje David can be reached on: (020) 528 0222 / Email: info@sokodirectory.com

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