30 April 2014

Kenya's Inflation Rises to 6.41 Percent

Nairobi — Kenya's overall monthly inflation in April rose to 6.41 percent from to 6.27percent in the month of March due to increase in the cost of food items.

According to the Kenya National Bureau of Statistics (KNBS) the cost of tomatoes increased with the highest margin of 18.53 percent from Sh88.36 a kilogram in March to Sh104.73 this month.

The cost of Irish potatoes increased by 5.29 percent to Sh54.28 this month from Sh51.55 in March.

A kilogram of onions which was selling at an average price of Sh115 in March rose to Sh117.95 this month.

"The rise in food index came as a result of the prices of more food items recording increases compared to those whose prices decreased," KNBS said in its review.

Maize flour saw a slight of increase from Sh113.55 to Sh114.47, while a kilo of fresh fish also went up marginally from Sh346.54 to Sh353.73.

Meanwhile the transport index increased by 3.62 percent as a result of higher costs of petrol and public service vehicles fares despite a small decrease in the cost of diesel.

Between March and April, housing, water, electricity, gas and other fuels index increased by 0.33 percent. "This was mainly due to observed higher costs common cooking fuels including charcoal, firewood and gas."

The cost of electricity consumption reduced slightly compared last month, on account of forex charges dropping by 5percent per kilowatt-hour this month.

In March inflation eased to 6.27percent from 6.86percent in February this year.

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