This archive report was first published on 31 October 2019.
Kenya's inflation rate rose to 4.95 percent in October, marking a halt to two consecutive months of easing cost of living.
According to the Kenya National Bureau of Statistics (KNBS), the increase was driven by higher prices of foodstuffs, including a 5.82 percent rise in the price of loose grain maize flour and a 4.44 percent increase in the price of tomatoes.
Additionally, the prices of cigarettes also rose, with a packet of cigarette costing an average of Sh147.47, a 7.42 percent increase from the previous month.
Despite the rise in inflation, the October figure remains within the government's target range of between 2.5 percent and 7.5 percent.
Central Bank of Kenya (CBK) governor Patrick Njoroge attributed the expected stability in inflation to lower food prices due to favourable weather and lower electricity prices.
Published on October 31, 2019, 13:46.
