NAIROBI (Xinhua) --
Kenya’s overall inflation rate decreased to 4.7
percent in January from 5.71 percent in December 2018, the
statistics bureau said on Thursday.
The Kenya National
Bureau of Statistics (KNBS) said that the decrease in the price of
maize grain, maize flour, sugar and beans in January contributed to
overall low inflation in the first month of 2019.
Zachary Mwangi, director general of KNBS, said the Consumer Price
Index (CPI) increased from 193.51 in December 2018 to 194.18 in
January, or 0.35 percent.
"Between December 2018 and January 2019, food and non-alcoholic
drinks index increased by 0.78 percent," Mwangi said in a statement.
According to Mwangi, year-on-year food inflation stood at 1.62
percent in January. Housing, water, electricity, gas and other
fuels’ index increased by 0.20 percent on a monthly basis due to
higher cost of housing rent and cooking fuels. But the transport
index reduced by 1.40 percent month-on-month mainly due to decreases
in the pump prices of petrol and diesel.
The prices were obtained from selected retail outlets in 25 data
collection zones in Nairobi and in 13 other urban centers.
Staple food prices below five
year average in Eastern Africa: report
NAIROBI (Xinhua) --
The prices of most staple foods across Eastern Africa
remain below five-year average levels, a report released on
The report by the Food Security and Nutrition Working Group, a
regional body co-chaired by the Intergovernmental Authority on
Development and the Food and Agriculture Organization, said
over-supply of maize, rice, beans, sorghum and wheat across the
region leads to the low prices.
"The prices are below last year and five-year average levels in
most markets in Kenya, Uganda, Tanzania, and Ethiopia because of
average to above-average harvests and carryover stocks from the
previous harvest," said the report.
In Rwanda, Burundi and South Sudan, the main drivers for the
lower prices are the availability of other substitutes including
grains, roots and tubers, in addition to regional imports, according
to the report.
"The prices were under upward pressure towards the end of the
year in Somalia because of expectations of below average
January-to-February harvest, and in Ethiopia because of civil unrest
related trade disruptions and high inflation," said the report.
Maize prices were highest in the fourth quarter in South Sudan
and Burundi because of the lingering effects of domestic conflict
and poor economic situation.
The main destinations for the regional exports in the quarter
were Kenya, South Sudan, Rwanda and northwestern part of Tanzania,
which accounted for 56 percent, 17 percent, 15 percent and nine
percent of the total respectively.