Kenya’s year-on-year inflation rate fell marginally to 6.06 per cent in March from 6.37 per cent last month driven mostly by food and non-alcoholic drinks.
On a monthly basis, inflation was 0.18 per cent from 1.80 per cent in February, the Kenya National Bureau of Statistics said in a statement on Tuesday.
During the review period, Food and Non-Alcoholic Drinks’ Index increased by 0.55 per cent between February 2020 and March 2020 while the year on year food inflation in March, 2020 stood at 11.85 per cent.
“The increase was mainly driven by increase in prices of some food items such as Mangoes, Irish Potatoes, onions and cooking oils which increased by 5.39, 2.33, 2.06, and 0.83 per cent, respectively. However, during the same period, prices of tomatoes and spinach dropped by 6.06 and 4.87 per cent, respectively.”
During the same period, the prices of tomatoes and spinach dropped by 6.06 and 4.87 per cent. The cost of transport declined mainly due to the decrease in prices of petrol at 1.28 per cent.
CPI will have a new basket of 330 items, compared to the previous basket of 234 items. The weights in the rebased CPI have also been updated and the Expenditure
Groups have been recalculated, based on the 2015/16 Kenya Integrated Household Budget Survey.
The review of the PPI was to reflect changed production patterns and a new industrial structure.
The Quarterly Labour Force Survey will more accurately measure key labour statistics, including labour force participation, employment and labour utilisation