Markets & Finance
Kenya inflation rises to 4.45pc in February
Thursday February 28 2013
Kenya's inflation rate went up for the second month in a row indicating price increases of basic goods and services have picked up pace. Photo/FILE
Kenya's inflation rate went up for the second month in a row, indicating price increases of basic goods and services have picked up pace.
Latest data from the Kenya National Bureau of Statistics shows that inflation rose to an average rate of 4.45 per cent in February up from 3.67 per cent in January.
(Read: Inflation rises slightly on food, education costs)
The country's inflation rate had been on a downward trend for over an year from a high of 19.72 per cent following austerity measures taken by the government till its reversal last month when it went up from 3.2 per cent in December.
The rise of inflation rate is a concern as it reduces the disposable income of households.
“The food and non-alcoholic drinks index increased by 1.29 per cent. The increase in the food index was a consequence of rises and falls in the average prices of various food items,” said KNBS in a statement.
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