Inflation Drops to 9.21 Percent In June, Is There Something to Smile About?

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The Kenya National Bureau of Statistic (KNBS) has released the inflation statistics for the month of June.

According to the latest report, the inflation for the month of June dropped to 9.21 percent from 11.70 percent witnessed in May.

KNBS notes in its report that food and non alcoholic drinks index dropped by 2.74 percent in June. On a year-on-year, the inflation of food dropped from 21.52 percent in May to 15.81 percent in June.

Transport index, on the other hand, dropped by 0.06 percent on the account of the dropping in both petrol and diesel prices during the month of June.

Inflation rate in Kenya had moved beyond proportional measures mainly driven by an increase in food prices especially maize flour, milk and other essential commodities like sugar. A 2-kg packet of maize flour reached a record high of 150 shillings with a kilogram of sugar skyrocketing to 200 shillings.

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