Inflation in February drops to 6.3 per cent

The February 2024 inflation rate has dropped to 6.3 per cent up from 6.9 per cent in January.

Kenya National Bureau of Statistics (KNBS), in a press release on Thursday, indicated that prices in commodities such as housing, water, and electricity decreased by 0.8 percent. 

This was attributed to a drop in the prices of 200 kilowatt-hours (kWh) and 50 kWh of electricity by 9.3 percent and 11 percent, respectively.

At the same time, the price of a liliter of kerosene dropped by 0.5 per cent. During the same review period, the prices of gas/LPG rose by 4.3 per cent.

Prices of food dropped as follows; a kilogram of beans (0.6pc), 2kgs maize flour (1.0pc), fortified maize flour (1.5pc), 1kg of maize flour-loose (1.6pc), 1kg loose maize grain -loose (3.4pc), sugar (4.6pc) and tomatoes (5.7pc).

.

Keep Reading

•  Battle royale experienced at Interbank Golf event
•  Cheche: We have a big task at the World Cup next month
•  KCB's Karan Patel focused on clinching Burundi Rally
•  Africa Paves the Way for a Greener Future: Global Conference Highlights Ecosystem Revitalisation
•  Media urged to go digital to tap shifting consumer trends