Kenya's inflation rate has reached a two-year high of 7.1% in May, driven by rising food, transport, and fuel prices, according to the Kenya National Bureau of Statistics (KNBS).
The data shows that the inflation rate rose from 6.47% in April, with the cost of living increasing mainly due to food, transport, and fuel prices.
KNBS reported that the prices of key foodstuffs shot up in May, with a 2kg packet of sifted maize flour rising 6.9% to Sh147.57, a litre of cooking oil increasing 5.3% to Sh370.71, and a 500ml packet of milk selling at Sh57.30, up 3.7%.
However, prices of kale (sukuma wiki), spinach, and cabbages dropped by 5.0, 4.1, and 4.0% respectively, while the transport index rose by 0.8% due to the upward review of petrol and diesel prices.
KNBS also noted that the housing, Water, Electricity, Gas and Other Fuels Index, increased by 0.6% between April 2022 and May 2022.
