Inflation in Kenya hit a record high of 8.3% in July

NAIROBI, Kenya July 29 – Inflation in Kenya accelerated to a record high in July amid rising food and fuel costs coupled with an expensive transport and accommodation budget for common mwananchi .

Monthly inflation data from the Kenya National Bureau of Statistics (KNBS) shows that the headline inflation rate in July was 8.3% compared to 7.9% in June.

The inflation rate remained below the government target of 2.5 to 7.5 percent which is targeted and pursued to maintain price stability in the domestic market, for the second consecutive month.

“The rise in inflation was mainly due to higher commodity prices under food and non-alcoholic beverages (15.3%); transport (7.0%) and housing, water, electricity, gas and other fuels (5.6%) between July 2021 and July 2022,” KNBS said in a statement.

In the latest figures, the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households, rose 0.7% from a index from 124.22 in June 2022 to 125.05 in July 2022. .

The monthly food and non-alcoholic beverage index increased by 1.1% between June 2022 and July 2022.

Compared to June 2022, the prices of carrots, bulk corn and non-aromatic (unbroken) white rice and beans increased by 13.0, 9.7 and 4.2% in July 2022, respectively.

A kilo of carrots sold for Sh105.31 in July from Sh93.18 in June, while a 1-kilogram package of bulk maize flour sold for Sh72.32 from Sh65.89.

Over the same period, prices for onion leeks and bulbs and (Irish) potatoes fell by 5.5 percent and 3.8 percent, respectively.

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A kilo of onions was selling for 127.12 shillings against 134.58 shillings in June, while a kilo of potatoes was selling for 81.66 shillings against 84.85 shillings in June.

The index for alcoholic beverages, tobacco and narcotics increased by 1.3% between June 2022 and July 2022. This is explained, among other things, by an increase in the prices of beer (lagers and stouts).

The index for housing, water, electricity, gas and other fuels increased by 0.3% between June 2022 and July 2022 due, among other things, to the increase in rental prices for individual houses.

During this period, the price of gas/LPG decreased by 3.7%.

The household equipment and routine household maintenance index increased by 1.1% between June 2022 and July 2022.

This was mainly attributed to an increase in laundry soap/bar soap prices which increased by 3.5%.

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