Kenya’s year-on-year inflation increased slightly to 2.8% in November 2024, up from 2.7% in October this year, according to the latest statistics published by the Kenya National Bureau of Statistics (KNBS).
The data by KNBS revealed a substantial increase in the prices of cabbages, potatoes, carrots, onions, cooking oil, and fresh packeted cow milk. The price of cabbages (1k) increased by 40.6% between November 2023 and November 2024.
Cooking gas, international flights, electricity, and monthly house rent were amount non-food items whose prices increased during the period under review.
“The price increase.was mainly driven by the rise in prices of commodities under Food and Non-Alcoholic Beverages (4.5%); and Housing, Water, Electricity, Gas and other fuels (0.1%) between November 2023 and November 2024,” KNBS said in a statement.
However, the prices of commodities in the transport sector declined by 1.1%
According to KNBS, the month-to-month inflation rate between October 2024 and November 2024 increased by 0.03%. The prices of sugar, fortified maize flour, and maize flour sifted rose by 5.3%, 4.9%, and 5.1, respectively, over the period.
The Housing, Water, Electricity, Gas, and Others index declined by 0.1%, primarily due to a drop in the reduction in prices of liquefied petroleum gas (LPG) and electricity (200 kWh and 50 kWh) by 1.1% and 0.3%, respectively.
The Transport Index, on the other hand, rose by 0.2% between October and November this year, mainly because of the rise in prices of international flights by 1.1%.
The inflation rate falls within Kenya’s inflation target of 2.5% – 7.5% for 2024.
