NAIROBI (Xinhua) --
Kenya’s inflation surged 1.66 percent in
September as the effects of recently imposed taxes started to
The rate of
inflation rose to 5.70 percent, up from 4.04 percent in August,
the government’s statistics agency said Friday.
It is the first time
since October 2017 that inflation has risen above 5 percent,
according to the Kenya National Bureau of Statistics (KNBS).
The rise was mainly
attributed to the more than doubling of the transport index from
7.99 percent in August to 17.29 percent, according to the KNBS.
electricity index rose from 0.47 percent to 17.44 percent. The
new tax imposed on fuel products pushed the cost of kerosene to
1 U.S. dollar while petrol is retailing at 1.2 dollars and
diesel 1.15 dollars.
inflation will continue to rise in coming months following
imposition of taxes on financial services and pesticides, among
others, as the government seeks to shore up its revenue.