Cost of Living Drops in February on Account of Reduced Fuel Prices

By Vera Shawiza / March 1, 2019




Kenyans have more reason to smile as the cost of living has gradually gone down for the first two months of 2019 thus pushing inflation figures to an eight-month low as reported by the Kenya National Bureau of Statistics (KNBS).

Drop in most food commodities helped push down the cost of living during the month of February by 0.82 percent to 4.14percent.

Between January and February 2019, Food and Non-Alcoholic Drinks’ Index increased by 1.70 percent. The cost of several foodstuffs was much lower in February compared to the same period of the previous year.

For instance, maize grain recorded a drop of 41.0 percent from 60.37 shillings per kilogram in February 2018 to 35.63 shillingsin February 2019.

Similarly, the prices of sifted maize flour, spinach and tomatoes declined by 30.68, 20.66 and 16.63 percent, respectively. These lower prices contributed to a relatively low overall inflation inthe month of February.

This is largely credited for the relatively low overall inflation recorded over the month even as the cost of several cooking and lighting fuels went up significantly over the same period of time.

According to KNBS, Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.12 percent in February compared to January which was attributed to higher cost of some house rents and some cooking fuels.

Partly contributing to the increase were prices of domestic consumption of electricity which increased by 2.48 and 1.70 percent for 50 Kwh and 200 KWh, respectively on account of increase in fuel cost and inflation adjustment charges,” said KNBS in a statement.

The cost of 4 kilograms of charcoal recorded a 66 percent increase from 84 shillings recorded in February 2018 to 141shillings last month. This was attributed to constrained supply following the Government’s moratorium on logging, across the country, introduced in February last year.

The Transport Index decreased by 0.50 percent, mainly as a result of significant decreases in pump prices of petrol and diesel.



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

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (340)
  • August 2019 (210)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 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 (170)
  • 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