February 21, 2021
The Consumer Price index (CPI) in December 2020 increased by two per cent year-on-year compared to December 2019. Prices of food and non-alcoholic beverages increased by 4.7 per cent, while non-food prices increased by 1.4 per cent.
The CPI increase was largely attributed to increases in the prices and costs of miscellaneous goods and services (10 per cent); food and non-alcoholic beverages (4.7 per cent); and transport (3.3 per cent). However, this was moderated by the decrease in prices and costs of clothing and footwear (5.1 per cent); furnishings, household equipment and routine household maintenance (1.7 per cent); and restaurants and hotels (0.7 per cent).
On a month-on-month basis, the CPI in December 2020 decreased by 0.1 per cent compared to November 2020. The Food and Non-Alcoholic Beverages Index increased by one per cent while the Non-Food Index decreased by 0.4 per cent.
Inflation Rate For January Up To 5.7 Percent
By Soko Directory Team / Published February 1, 2021 | 9:52 am KEY POINTS
1.3% increase in the Food and Non-Alcoholic Drinks Index, contributed by the increase in prices of cooking oil, white bread, and cabbages by 10.4%, 6.6%, and 3.4%
The y/y inflation for the month of January 2021 increased to 5.7n percent from the 5.6 percent recorded in December 2020 according to stats released by the Kenya National Bureau of Statistics (KNBS).
There was a 1.3 percent increase in the Food and Non-Alcoholic Drinks Index, mainly contributed by the increase in prices of cooking oil (salad), white bread, and cabbages by 10.4, 6.6, and 3.4 percent, respectively, among other food items.