Food, fuel prices drop as inflation goes down to 4.14pc
By Malachi Motano
According to the Kenya National Bureau of Statistics (KEBS), the rate of inflation in February has been subdued to a nine-month low by reduction in prices of basic food stuff among them sifted maize flour, sugar and wheat flour.
The inflation rate which dropped to 4.14 percent from 4.71 percent registered in January has further been supported by an ease in fuel prices which saw transport index decline by 0.50 per cent during the month.
However, that notwithstanding a drop in prices of some foodstuffs outweighed increases.
For instance, maize grain recorded a drop of 41.0 per cent from Kshs.60.37 per Kilogramme in February 2018 to Kshs. 35.63 in February 2019.
This is a 0.57 percent drop compared to data recorded last month.
On the other hand, Housing, Water, Electricity, and Gas index, increased by 0.12 per cent in February compared to January 2019.
This resulted to consumers paying extra charges for house rents and cooking fuels. Partly contributing to this, were prices of domestic consumption of electricity which increased by 2.48 % from 770.48 shillings in January to 789.57 cents in February for 50 Kwh while the consumption of 200 KWh increased by 1.75% to 4,456 shillings on account of increases in fuel cost and inflation adjustment charges.
To the delight of motorists and passengers alike The Transport Index decreased by 0.50 per cent, mainly as a result of significant decreases in pump prices of petrol and diesel.