KNBS Reveals All Items’ Costs Shot Up & by How A lot

Costs of all important items starting from meals objects and non-food objects elevated within the final one yr, a brand new report revealed by the Kenya Nationwide Bureau of Statistics (KNBS) exhibits.

The report reviewing the interval between January 2023 and January 2024 exhibits that meals objects recorded a value enhance ranging between 57.2 per cent and 0.6 per cent whereas non-food objects rose by a margin ranging between 55.1 per cent and 4.0 per cent.

As outlined within the report, the value of carrots rose by 57.1 per cent adopted by onions (51.4 per cent), sugar (32.1 per cent), oranges (15.7 per cent), beef (15.3 per cent) and tomatoes (13.4 per cent).

Others are cabbages (12.5 per cent), mangoes (11.4 per cent), potatoes (10.1 per cent), Kale (4.1 per cent) and recent unpacked cow milk (0.6 per cent).

Within the non-food objects class, electrical energy of fifty kilowatts recorded the best value enhance at 55.1 per cent adopted by electrical energy of 200 kilowatts (41.1 per cent), kerosene (32.8 per cent), diesel (21.0 per cent), petrol (16.8 per cent), train books (10.5 per cent), personal tuition (5.7 per cent) and month-to-month home hire (4.0 per cent).

Within the month-to-month class, cabbages recorded the best enhance adopted by carrots, oranges, potatoes and beef.

Recent unpacked milk, kales, onions, sugar, tomatoes and mangoes recorded a drop in value between December final yr and January this yr.

Within the non-food class, electrical energy, train books, personal tuition and month-to-month hire for a single room recorded a rise whereas petrol, kerosene and diesel recorded a value dip.

Based on KNBS, the inflation price jumped to six.9 per cent in January 2024 from 6.6 per cent in December 2023.

“The rise in annual inflation was primarily because of a rise in costs of commodities underneath the next Classification of Particular person Consumption by Objective (COICOP) divisions,” learn the report partially.

“Kenya City CPI was rebased in February 2019 utilizing the weights derived from 2015/16 Kenya Built-in Family Price range Survey (KIHBS) information, which was carried out from September 2015 to August 2016. Present Kenya City CPI adopts 2018 Classification of Particular person Consumption by Objective (COICOP) categorization. Underneath the present CPI, Kenya has a complete of 330 Elementary Aggregates (EAS) and in every EA, there are objects/merchandise for which costs are collected.”