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The Kenya National Bureau of Statistics (KNBS) has released its latest inflation rate report, highlighting that the prices of cooking oil, cabbage, mangoes and carrots are on an upward trend until July 2024.
On the contrary, the report showed a decrease in the prices of onions, tomatoes, maize kernels, flour and sugar. For non-food items, the report showed that cooking gas and monthly rent for a one-bedroom apartment increased, while petrol, kerosene, diesel and electricity became cheaper.
The KNBS report showed that the price of cooking oil per liter increased by 3.1% between July 2023 and July 2024. Cabbage prices increased the most, by 46.1% per kilogram.
Other food items that saw price increases included onions (1 kg), up 32.1 percent; tomatoes (1 kg), up 28.7 percent; mangoes (1 kg), up 20.5 percent; and carrots (1 kg), up 18.7 percent.
Non-food prices also rose, with cooking gas/LPG (13 kg) up 15.5% and monthly rent for a one-bedroom apartment up 1.5%.
The overall year-on-year inflation rate, as measured by the Consumer Price Index (CPI), is 4.3% in July 2024. This means that the cost of a basket of goods in July 2024 is 4.6% higher than in July 2023.
Moreover, the monthly inflation rate was -0.2% in July 2024, compared to 0.4% in June.
The report attributed the increase in annual inflation mainly to the transport index (up 4.0%), the housing, water, electricity, gas and other fuels index (up 3.9%) and the food and non-alcoholic beverages index (up 5.6%).
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