November inflation rate drops to 6.8 pc despite increase in prices of goods
Business
By
Betty Njeru
| Dec 01, 2023
Maize flour is seen stacked at a supermarket in Nairobi. [Boniface Okendo, Standard]
The inflation rate for November has dropped to 6.8 per cent, from 6.9 per cent in October.
This is despite the increase in the prices of commodities including fuel, transport, food, and electricity.
The latest data from the Kenya National Bureau of Statistics (KNBS) showed an increase in prices of food and non-alcoholic beverages between October and November 2023, accounting for 0.4 per cent.
Though, that index was lower than September and October, which recorded a 1.3 per cent price increase.
READ MORE
Why Kenya feels like 1895 all over again
Government push for disability inclusion
Groups raise concerns over Tobacco Bill
Why Ruto, Ouattara meeting is important for Kenya and Ivory Coast
Ruto hosts African leaders at State House ahead of summit
Bill for two decades of failure by football officials is now due
Amsons Group pledges Sh4.5b for hospitals
Governor Waiguru banks on street lights to power Kirinyaga's 24hr economy
Governor Nassir launches construction of Kongowea Level 4 Hospital
According to KNBS, the price of a 2 kg packet of wheat flour rose by 3.3 per cent in November.
Prices of vegetables such as tomatoes, carrots, and onions also went up in November, accounting for 17.7 per cent, 2.7 per cent and 1.1 per cent increase respectively.
Notably, the price of a 2 Kg packet of maize flour dropped in November by 6.5 per cent.
Other food items whose preces dropped included a 1 kg bag of potatoes by 7.1 per cent and cabbages by 3.6 per cent.
Fuel prices also went down in November; diesel and kerosene by 1.0 per cent each per litre, while the price of a 13 kg gas cylinder rose by 1.1 per cent.
The inflation rate in October stood at 6.9 per cent.