Inflation in February drops to 6.3 per cent
Business
By
Stephanie Wangari
| Feb 29, 2024
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).
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However, the prices of spinach, sukuma wiki a,nd wheat flour-white increased by 3.9, 3.4 and 2.6 per cent, respectively.