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Home » Featured » Higher food, electricity costs push October inflation rate to 9.6pc

Higher food, electricity costs push October inflation rate to 9.6pc

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4 years ago
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Kenya’s rate of inflation has risen further to 9.6pc in October from 9.2pc recorded last month on account of pricey food items and electricity charges.

This is the eighth consecutive month the rate of inflation has risen signaling minimal impact of the government’s short term interventions to keep cost of living abated.

Latest data from the Kenya National Bureau of Statistics (KNNBS) indicate significant increases in price of items under food and and non-alcoholic index which increased 15.8pc year-on-year.

According to the statistics bureau, there were significant increases in prices of potatoes, sugar and beans whose prices per kilogram went up 12.5pc, 12pc and 7.5pc respectively which contributed the rise in inflation during the month.

 

The post Higher food, electricity costs push October inflation rate to 9.6pc appeared first on KBC.

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