October Inflation Dips To 6.45 Percent

The inflation rate for the month of October dropped from 6.91 percent to 6.45 percent according to the latest stats by the Kenya National Bureau of Statistics.

Food prices were relatively higher in October. The prices of tomatoes, oranges, and sugar increased by 3.53, 3.12, and 2.50 percent. At the same time, prices of spinach, beans, and potatoes decreased by 2.73, 0.45, and 0.36 percent, respectively.

The Transport Index decreased by 0.35 percent mainly due to a drop in the price of petrol and diesel, which went down by 3.69 percent and 4.29 percent, respectively between September and October.

The Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.67 percent due to what was attributed to an increase in prices of cooking gas (LPG), electricity, and house rent.

Food and non-alcoholic beverages rose 10.60 percent, the transport index rose by 8.15 percent while housing, water, electricity, gas, and other fuels rose by 5.80 percent.