High cost of food pushes Kenya’s annual inflation rate to 6.37pc

High cost of food pushes Kenya’s annual inflation rate to 6.37pc

February 28, 2020 0 By mykenyancareers
nyanyas - High cost of food pushes Kenya’s annual inflation rate to 6.37pc
In the food basket, the price of tomatoes rose to Sh133.80 per kilogram, up from Sh103.24 percent recorded in January/COURTESY

NAIROBI,
Kenya, Feb 28 –

Kenya’s year-on-year inflation in February rose to 6.37 percent compared to 5.78
percent registered last month, driven by an increase in the prices of several
food items.

According to
the Kenya National Bureau of Statistics, month on month inflation rose by 1.38
percent from 205.40 in January to 208.24 in February.

During the period under review, food and non-alcoholic beverages were the highest mover at 2.61.

Housing,
water, electricity, gas and other fuels increased marginally by 0.47 driven by
an increase in the cost of house rents, which rose by 0.16 to Sh4,642.

In the food
basket, the price of tomatoes rose to Sh133.80 per kilogram, up from Sh103.24
percent recorded in January.

A year ago, tomatoes
were retailing at Sh82.39 per kilogram.

The price of onions
also increased to retail at Sh110.29 per kilogram, up from Sh102.80 posted in
January.

Mangoes and
maize grain were among the only few food items whose price decreased by 8.39
and 1.3 percent respectively.

The price of super petrol retailed at Sh113.32 during the period, up from Sh110.61 recorded in January.

Despite the rise, the rates remain within government’s preferred bank of between 2.5-7.5 percent.