Kenya’s November Inflation Drops to 5.8%

Kenya’s November inflation rate slowed down to 5.8% from 6.45% in October, the lowest rate since April this year, occasioned by a decrease in the prices of food and non-alcoholic drinks.

The drop in inflation was mainly driven by a decrease in prices of commodities under:

• Food and non-alcoholic beverages (9.92% vs 10.60% in October)
• Transport (8.14% vs 8.15% in October)
• Health (1.31% vs 2.32%)
• Education services (1.50% vs 1.86%)
• Restaurants and accommodation services (0.48% vs 1.56%)
• Housing, water, electricity, gas and other fuels (6.24%)

The Consumer Price Index (CPI), measuring the percentage change in the price of a basket of goods and services consumed by households, increased by 0.45% from a revised index of116.674 in October 2021 to117.203 in November 2021.

The month to month Food and Non-Alcoholic Drinks’ Index increased by 0.91% between October 2021 and November 2021. This was attributed to a price increase of some food items, which outweighed the decrease in prices of others.

The Housing, Water, Electricity, Gas and Other Fuels’ Index increased by 0.49% between October 2021 and November 2021. This was attributed to the price increases of LPG Cooking gas by 3.88%, andhouse rent for single rooms by 0.53%.

The price of 50 kilowatts of electricity decreased by 0.39%, and that of 200 kilowatts decreased by 0.29%.

See Also:

Kenya’s Economic Growth Rebounds by 10.1% in Q2, 2021