Kenya June CPI edges up to 149.91 - CNBC Africa

Kenya June CPI edges up to 149.91

Financial

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The overall inflation rate was 7.39 per cent in June 2014 up from 7.30 per cent in May 2014. PHOTO: Getty Images

“During the review period, the food and non-alcoholic drinks’ index decreased by 0.26 per cent. This fall was mainly as a result of observed decrease in the prices of several food commodities which outweighed the price rises in other food items,” the Kenya National Bureau of Statistics (KNBS) said in a statement.

“Similarly, the alcoholic drinks, tobacco and narcotics index also dropped mainly due to falls in the prices of Khat.”

The overall inflation rate, according to the KNBS, stood at 7.39 per cent in June 2014 up from 7.30 per cent in May 2014.

(READ MORE: Kenya's May CPI climbs to 149.70)

The clothing and footwear index changed 0.30 per cent between May and June to 7.43 for the period under review, while the housing, water, electricity, gas and other fuels index changed 0.70 per cent to 18.30 for the same period.

The furnishings, household equipment and routine household maintenance index changed 0.41 per cent to 6.16 in June.

“Between May and June 2014, the housing, water, electricity, gas and other fuels’ index, increased by 0.70 per cent. This was mainly due to increase in prices of kerosene, charcoal, electricity and rent,” the KNBS added.

The transport index increased by 0.35 per cent to 8.66 due to a rise in cost of public transport and diesel. The health index changed 0.30 to 3.13, the education index showed no change at 3.14 and the restaurant and hotels index changed 0.56 per cent to 4.48. 

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