Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    MARKETS

    November Inflation Eases to 5.8%, Helped by Lower Food Cost

    David IndejeBy David Indeje2021-11-30Updated:2021-12-011 Comment2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Kenya’s inflation surged to a new record of 7.1 percent in May as the cost of fuel, food and beverages continue to rise sharply.
    Casssava tubers at a market stall
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Kenya’s annual inflation eased to 5.8 per cent in November from the previous month’s 6.4 per cent, helped by lower increases in the cost of food and non-alcoholic beverages, government data showed on Tuesday.

    This is the lowest rate of the Consumer Price Index, seven months since April when inflation stood at 5.76 per cent.

    “This was mainly due to an increase in prices of commodities under food and non-alcoholic beverages (9.92%); transport (8.14%); and housing, water, electricity, gas and other fuels (6.24%) between November 2020 and November 2021,” the Kenya National Bureau of Statistics said.

    The overall Consumer Price Index (CPI) increased by 0.45 per cent from 116.674 in October 2021 to 117.203 in November 2021.

    Analysts are of the view that persistent supply shocks, risks from poor weather, rising energy prices and a mild pick up in domestic demand are key risks to inflation. 

    “We believe the current drought affecting half of the country if prolonged, could trigger food supply shocks and prices may face upward pressure in the coming months,” Genghis Capital Analysts.

    However, inflation is expected to remain with the Central Bank of Kenya’s target range of 2.5% to 7.5% and is expected to stay within aim in the near term as demand pressures remain muted.

    inflation Kenya Inflation
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    David Indeje
    • Website
    • Facebook
    • LinkedIn

    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.

    Related Posts

    Protests Rock Kenya’s Capital as Businesses Stare at Heavy Losses

    2023-03-20

    Kenya, US to Hold In-Person Proposed Trade Talks in April 2023

    2023-03-20

    Petrol Price Hiked By Ksh 2, Diesel and Kerosene Remain Unchanged

    2023-03-14

    1 Comment

    1. Pingback: Kenya Inflation Eases to 5.7% in December, 11-Month Low

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • Nancy Karigithu, Africa’s Candidate for the Post of Secretary General of IMO
    • Kenyan Startup Zumi Shutting Down; 150 Employees Affected
    • Why Kenyan Students Consider Dropping Out of Higher Education
    • Protests Rock Kenya’s Capital as Businesses Stare at Heavy Losses
    • TransCentury Shareholders Give Nod to Conversion
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.