Kenya's overall inflation rate declines to 6.43 percent
02 November 2014, 14:16
Nairobi - Kenya's overall monthly inflation slowed down to 6.43
percent in October from 6.6 percent in the previous month due to falls
in food commodities, transport and energy prices, the statistics bureau
The Kenya National Bureau of Statistics (KNBS) said the Consumer
Price Index (CPI) computed using the geometric mean approach decreased
by 0.21 percent from 152.24 in September to 151. 92 in October.
"Between September and October, Food and Non Alcoholic Drinks' Index
decreased by 0.45 percent," KNBS said in a statement released in
The bureau said the decline in food inflation resulted from observed
falls in the prices of several food commodities which outweighed notable
rises in the prices of others.
Read also: Now Cadbury Kenya shuts down over counterfeits
Over the same period, housing, water, electricity, gas and other
fuels' index decreased by 0.23 percent, mainly due to notable fall in
the cost of cooking fuels such as kerosene, LPG and electricity among
Contributing the fall in the cost of electricity was fuel cost
adjustment which decreased from 5.71 shillings (0.064 U.S. dollars) per
KWh in September to 4.74 shillings (0.053dollars) per KWh in October,"
Consumers are set to start enjoying lower electricity costs by
December following the launch of the world's largest geothermal plant in
The 140-megawatt (MW) Olkaria IV geothermal power project is expected
to bring down the cost of electricity in the country by 30 percent by
the end of this month, and 50 percent by early next year.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!