Thursday, December 1 2022

KNBS Director General Macdonald Obudho. [David Njaaga, Standard]

Kenya’s inflation rate rose to 8.3 percent in July from 7.9 percent in June, the Kenya National Bureau of Statistics (KNBS) said.

The increase is mainly due to high food and fuel prices, KNBS said in a press release on Friday.

Food and non-alcoholic beverages accounted for 15.3%, transport 7%, while housing, water, electricity, gas and other fuels accounted for 5.6% between July 2021 and July 2022.

“The monthly food and non-alcoholic beverage index increased by 1.1% between June 2022 and July 2022,” KNBS noted.

The consumer price index (CPI) for alcoholic beverages, tobacco and narcotics increased by 1.3% between June 2022 and July 2022. According to the Bureau of Statistics, this was due, among other things, to an increase beer prices.

Prices for basic commodities and household equipment rose 9.8% between July last year and this year.

KNBS attributed the rise to an increase in bar soap prices which rose 3.5%.

Health increased by 1.2%, transport increased by 7.0% while education services increased by 1.1% between July 2021 and July 2022.

“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.”

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