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December inflation drops to 6.35pc from 6.68 in November

BY David Indeje · December 30, 2016 08:12 am

Inflation for the month of December rose to 6.35 percent on higher food prices and non-alcoholic beverages compared to November’s 6.68 percent according to the Kenya National Bureau of Statistics.

“Between November and December 2016, Food and Non-Alcoholic Drinks’ Index increased by 1.31 per cent attributed to increase in prices of several food items which outweighed the decreases of others.

The year on year food inflation stood at 11.22 per cent in December 2016,” said KNBS statement.

Cabbages saw the highest rise over the year with a kilogramme of cabbage rising from 43 shillings in 2015 to 67 shillings in 2016.

Read: Kenya’s growth Prospects Positive, but Rising Inflation Greatest Risk

The cost of electricity increased as a result of fuel adjustment charges that increased from Sh2.34 per KWh in November 2016 to Sh2.85 per KWh December 2016.

The cost of LPG gas saw the biggest drop with a 13KG cylinder falling from a high of 2,400 in 2015 to 1,983 in 2016.

The Transport Index increased by 0.49 per cent in December 2016 compared to November 2016 attributed to increases pump prices of petrol and diesel as well as higher bus fares associated with Christmas festivities.

About David Indeje

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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