Kenya: March Inflation Rate Falls Further to 4.18%
Consumer prices in Kenya fell further by 4.18 percent year-on-year in March of 2018, compared to 4.46 percent in the previous month. It was the lowest inflation rate since April 2013 as prices of food items rose at a slower margin.
Between February and March 2018, Food and Non-Alcoholic Drinks’ Index increased by 1.54 percent. This was mainly due to increase in prices of some foodstuffs which outweighed decreases recorded in respect to others. The year on year food inflation however, decreased from 3.83 per cent in February 2018 to 2.19 per cent in March 2018.
Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 3.78 per cent in March 2018 compared to February 2018. This was mainly attributed to significant increase in prices of cooking fuels. Notable, charcoal recorded a 27.1 per cent increase in price during the review period. The rise in the cost of electricity was attributed to rise in fuel cost adjustment charges per KWh of consumption.
During the same review period, the Transport Index decreased by 0.06 per cent mainly on account of reduction in pump prices of petrol.
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