Higher cost of living in June explained

NAIROBI, KENYA: June inflation rose slightly to 5.70 per cent from 5.49 per cent in May partly due to increase in prices of petrol and diesel, KNBS says.

Over the same period, housing, water, electricity, gas, and other fuels index increased by 0.05 per cent as a result of higher costs of house rents which outweighed notable drops in the cost of electricity.

In June, food and non-alcoholic drinks index decreased by 1.60 per cent compared to a decline of 0.37 per cent in May. “This was mainly due to favourable weather conditions which led to increased food production,” notes the statistics agency.

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“For instance prices of spinach, sukuma wiki, and tomatoes recorded decreases of 2.42, 6.87, and 0.36 respectively in June as compared to the previous month.”

In monthly fuel adjustment, the Energy and Petroleum Regulatory Authority (EPRA) increased the prices of Petrol and Diesel prices by Sh3.07 and Sh0.39 per litre respectively, Kerosene price, however, was lowered by Sh0.34 a litre.

According to the regulator, the changes were because of the average landed cost of imported Super Petrol increasing by 4.54 per cent, diesel increasing by 0.52 per cent and kerosene decreasing by 0.43 per cent.

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The changes, which took effect mid-June, will see motorists in Nairobi paying Sh115.10 and Sh104.76 per liter for petrol and diesel respectively. Kerosene retails at Sh104.28 per liter in the capital.

In Mombasa, petrol retails at Sh112.45 per liter and diesel at Sh102.13 per liter and kerosene retail at Sh101.65 per liter in the coastal city.

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In Kisumu, super petrol and diesel sell at Sh 116.56 per liter and Sh106.45 per liter respectively while kerosene retails at Sh105.97 per liter in the Lake-side city.

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