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May Inflation Inches Up, Stays Below CBK’s 7.5% Target

David Indeje is Khusoko’s Digital Editor, covering East African markets.
Prices of food items in January 2022 were relatively high compared with prices of food items recorded in January 2021,

A fruit seller in one of Kenya's informal markets

The inflation rate measured by the Kenya National Bureau of Statistics rose to 5.87 per cent in May, compared to the 5.76 per cent recorded in April.

According to the statistics body, the spike in the cost of living is greatly attributable to fuel costs.

However, fuel prices have remained stable in the last two months as the prices for diesel and kerosene remained unchanged for the period mid-March to mid-June 2021, according to the monthly price releases by the Energy and Petroleum Regulatory Authority (EPRA).

During the review period, the transport index marked a 0.69 per cent increase after a 2.87 per cent rise in petrol pump prices on May 14.

The food index increased by 0.32 per cent as some food items marked increase in price.

The MPC held the policy rate at 7.00% on well-anchored inflation expectations.

MPC Says Kenya’s Current Account Deficit to Remain High at 5.2%

David Indeje is Khusoko’s Digital Editor, covering East African markets.

In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

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