Prices of major household products remain stable in July, says KNBS
By Dominic Omondi | July 30th 2020
The prices of consumer products increased at a slower rate of 4.36 per cent in July occasioned by favourable weather, tax reliefs offered by Government and depressed demand following job losses.
In June, prices of goods and services increased by 4.59 per cent, according to data from the Kenya National Bureau of Statistics (KNBS).
This was the slowest increase in prices of goods and services- technically known as inflation- since the country reported its first case of Covid-19 in early March.
Food and non-alcoholic beverage which take up a huge space in a typical Kenyan’s shopping basket declined by 0.8 per cent in July compared to June.
Some of the food items that registered a decline in price in the period under review include tomatoes, Irish potatoes, spinach, onions and Sukuma wiki. Offals, colloquially known as Matumbo, also registered a drop in price.
Rent prices also went down. “On the other hand, the cost of electricity and kerosene went up 0.5 per cent and 4.11 per cent, respectively,” said KNBS Director General Zachary Mwangi in a statement
UK firm finalises acquisition of Kenyan insurer
- Bank profits surge to Sh60b in 4 months on economic rebound
- Firms to snub Kenya for not reducing emissions
- Tourist numbers edge up after record 2020 slump
- When boots and batons were met with twangs, cards and stethoscopes
By Peter Kimani
- Regent to manage Pangani low-cost housing project
By Peter Theuri