Inflation in February drops to 6.3 per cent

Packets of flour are displayed at a supermarket. [File, Standard]

The February 2024 inflation rate has dropped to 6.3 per cent up from 6.9 per cent in January.

Kenya National Bureau of Statistics (KNBS), in a press release on Thursday, indicated that prices in commodities such as housing, water, and electricity decreased by 0.8 percent. 

This was attributed to a drop in the prices of 200 kilowatt-hours (kWh) and 50 kWh of electricity by 9.3 percent and 11 percent, respectively.

At the same time, the price of a liliter of kerosene dropped by 0.5 per cent. During the same review period, the prices of gas/LPG rose by 4.3 per cent.

Prices of food dropped as follows; a kilogram of beans (0.6pc), 2kgs maize flour (1.0pc), fortified maize flour (1.5pc), 1kg of maize flour-loose (1.6pc), 1kg loose maize grain -loose (3.4pc), sugar (4.6pc) and tomatoes (5.7pc).

However, the prices of spinach, sukuma wiki a,nd wheat flour-white increased by 3.9, 3.4 and 2.6 per cent, respectively.



By Brian Ngugi 14 hrs ago
Business
Locked out: Survey shows Kenyan women struggle to access loans
By Brian Ngugi 14 hrs ago
Business
Africa and Caribbean nations to deepen trade ties at summit
By Brian Ngugi 16 hrs ago
Business
Africa and Caribbean Nations set to deepen trade ties at Bahamas summit
Opinion
Role of corporate stewardship in advancing quality of water