info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Internet
With the increasing prices of sugar, petrol, electricity and health, they have put pressure on households in the month of July, pushing the inflation rate to a four-month high of 4.35 percent.
Data released on Tuesday by Kenya National Bureau of Statistics (KNBS) showed that the cost of living measure rose in July by 0.07 percentage points, from 4.28 percent recorded in June.
The rise in the inflation rate persists even as the Central Bank of Kenya expects it to remain within the government range.The cost of accessing health services went up by 1.97 percent in July, translating to a 6.17 percent rise from the same time last year.The price of a kilogramme of sugar rose by Sh8.56 or 6.66 percent on average to retail at Sh137.11.
This period was characterised by heightened crackdown on illegal importation of the commodity in the country triggering a probe by Parliament.At the same time, the price of kerosene and petrol went up, putting pressure on inflation.
Food and non-alcoholics index, which accounts for 36 percent of the basket used to calculate inflation, decreased by 2.4 per cent as more foodstuffs registered decline in prices in line with improved weather condition.
Housing, water, electricity and other fuels’ index increased by 0.12 percent in July 2018 compared to 0.52 percent recorded in June 2018. This was mainly attributed to an increase in kerosene, electricity and cooking gas.
