Kenya’s inflation rate has risen to 6.67 per cent in August up from 6.02 per cent in July on account of increased cost of food and fuel.
Kenya’s inflation rate has risen to 6.67 per cent in August up from 6.02 per cent in July on account of increased cost of food and fuel.
Data released by the Kenya Bureau of Statistics (KNBS) indicates a marginal increase on the price of food and non-alcoholic drinks as a result of aggregate rises that outweighed the falls in the average prices of various food items.
The cost of housing, water, gas and electricity went up by 0.99 per cent between July and August, mainly due to increase in prices of kerosene and electricity.
The transport index increased by 0.84 per cent over the review period mainly due to increases on the pump prices of petrol, diesel and public transport fares.
The August inflation is the highest in 12 months, but remains within the government's preferred medium term range of 5 to 7 per cent.
The rate of inflation is likely to increase further in the coming months, with reduced rainfall expected to impact negatively on the cost of food and electricity.
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