FEATURED ARTICLE

Inflation Jumps for the First Time Since April, Here’s Why

Share
Kenyans pictured selling fruits and vegetables out of their cars
Kenyans pictured selling fruits and vegetables out of their cars
Share

High food and fuel prices drove a jump in inflation in October, marking the first increase since April at the onset of the Covid-19 pandemic.

Data from the Kenya National Bureau of Statistics (KNBS) placed inflation at 4.84 per cent in October, up from 4.2 per cent in September.

It marked the end of a five-month disinflation trend, where the cost of common user goods and services kept going down month on month.

Food inflation rose by 5.76 per cent while the Food and Non-alcoholic drinks index rose by 1.14 per cent.

File image of Kenyans walking in Nairobi
File image of Kenyans walking in Nairobi

“This was contributed by an increase in the prices of carrots, mutton and wheat flour among other food items,” noted KNBS.

Fuel costs also rose significantly, with the transport index increasing by 0.62 per cent.

Petrol prices rose by 1.72 per cent in October, although Diesel prices fell in the same period by 1.68 per cent.

For Housing, Electricity and Water as the index rose by 0.94 per cent.

The rise was attributed to increased cooking oil and kerosene costs.

The October inflation, however, fell within the government targeted band of 2.5 to 7.5 per cent.

Many Kenyans have had to contend with limited purchasing power in recent months, mostly due to the shocks of the Covid-19 pandemic.

READ>>>>>Food Inflation: When you kill so as to eat

Written by
MARTIN SIELE

Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Kenya Power MD & CEO, Dr. Eng. Joseph Siror (front center), Eng. David Syengo, Ag. GM Network Management (l) Coast Region Regional Manager Erick Langat, (with blue vest and white helmet), Eng. Cleophas Ouma Ogutu, Senior Engineer at Kenya Power,(with yellow vest & white helmet) being briefed by Eng. Faith Muthoka, Civil Engineer, Kenya Power at Kwale 33/11kV Substation.
BUSINESS

Kenya Power to Set Up Two Substations in Kwale and Kilifi Counties Costing KSh765Million

Kenya Power is investing approximately KSh 765 million in the construction of...

SACCOs hold AGMs once a year
ECONOMYSACCOs

SACCOs Defy Harsh Economy to Grow Deposits, Loan Book and Assets

SACCOs( Savings and Credit Cooperative Societies) continue to defy the prevailing harsh...

KenGen Managing Director Peter Njenga
ANALYSISBUSINESS

KenGen 2026 Net Profit Drops 1.2% to KSh10.4Billion On Huge Capital Deployment

KenGen (Kenya Electricity Generating Company) Plc reported a net profit of KSh...

Caroline Karuga - KENYA PRIVATE SECTOR ALLIANCE CEO
BUSINESSFEATURED ARTICLE

Kenya’s PMI Drops to 49.7 in August as Firms Cut Output

Kenya’s Stanbic Bank Kenya Purchasing Manager’s Index(PMI) fell to 49.7 in August,...