Rising cooking gas, cooking oil prices push inflation to 7-month high

Rising cooking gas and cooking oil prices have pushed inflation to a seven month high. Data from the Kenya National Bureau of Statistics shows that inflation hit 6.47 percent in April from 5.56 percent in the prior month.

Inflation is essentially a measure of the cost of living. The data shows that cooking oil prices jumped the highest in April with a litre selling for Sh. 351.99, a 41.66 percent surge compared with a year ago.

“Prices of food items in April 2022 were relatively high compared with prices of food items recorded in April 2021,” said KNBS managing director Macdonald Obudho in a statement.

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“Furnishings, Household Equipment and Routine Household Equipment Index increased by 0.72 percent between March 2022 and April 2022. This was due to an increase in prices of laundry/bar soap and detergents, among other items.”