Kenya's rate of inflation drops in December
31 December 2013, 18:16
Nairobi - Kenya's overall inflation rate for the month of
December dropped slightly to 7.15 percent from 7.36 percent in November
despite marginal increases in food prices, the Natioal Bureau of Statistics said on
The bureau said the Consumer Price Index
(CPI) computed using the geometric mean approach rose by 0. 50 percent
from 143.14 in November to 143.85 in December
"During the month of December 2013, Food and Non Alcoholic drinks'
Index increased by 0.55 percentage points. This was observed as a net
effect of increase in prices of some food items outweighing notable
falls in prices of others," the statement said.
According to statistics bureau, between November and December,
housing, water, electricity, gas and other fuels' index, increased by
The bureau attributed the slight increase to notable rises in the
cost of cooking fuels. It noted however that a significant fall in the
cost of electricity balanced the net effect in the next.
"Despite introduction of a Water Resource Management Authority
(WARMA) levy of 0.60 shillings per KWh electricity costs reduced
significantly due to waiving of inflation levy and reduction of forex
adjustment costs," it added.
According to the bureau, Transport Index increased by 1.83 percent
over the review period, mainly due to higher matatu (minibus) and bus
fares associated with Christmas festivities.
This, the statistics bureau said, was further compounded by marginal rises in petrol and diesel prices.