Kenya’s inflation rate for the just concluded month of October, 2016 stands at 6.47%

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inflation
  • 3 years ago
  • Posted: November 1, 2016 at 9:00 pm

The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the just concluded month of October, 2016. According to KNBS these numbers were generated using data collected during the second and third weeks of the month under review, which is October.

KNBS obtained the prices from selected retail outlets in 25 data collection zones which are located in Nairobi and in 13 other urban centres. The CPI increased by 0.62 percent from 171.56 in September 2016 to 172.62 in October 2016. The overall inflation rate stood at 6.47 percent in October 2016.

Below is a table outlining the inflation rate from 2011 to 2015:

  2011 2012 2013 2014 2015
Inflation Rate (CPI, annual variation in %) 14.0 9.4 5.7 6.9 6.6

 

Between September and October 2016, Food and Non-Alcoholic Drinks’ Index increased by 0.96 percent. This was attributed to increase in prices of several food items which outweighed the decreases. The year on year food inflation stood at 11.03 percent in October 2016.

Over the same review period, Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.16 percent. This was partly contributed by increases in house rents which outweighed notable falls in the costs of kerosene and cooking gas.

Despite notable fall in the cost of diesel, the Transport Index increased by 0.37 percent in October 2016 compared to September 2016 mainly on account of increases in the pump prices of petrol.

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Mr. Felix
A Math Nerd and a Computer Geek. Currently a Windows 10 Insider. Interested in AI, big data and AR/VR. Takes a keen interest in developments in the tech, business and social media spheres.
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