Cheap flour cuts inflation to 4.7pc 5-month low - News Summed Up

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Cheap flour cuts inflation to 4.7pc 5-month low


By CONSTANT MUNDAMore by this AuthorCheap maize flour helped cut inflation to a five-month low of 4.7 per cent in January when electricity and transport costs increased. KNBS data shows a kilo of maize grain dropped 40 per cent to Sh35.23 over the past year while a two-kilo packet of maize flour fell by Sh35.68 to Sh87.20 in the review period. Maize flour, Kenya’s staple, is retailing at levels last seen in 2012, on increased maize harvest—which was projected at 46 million bags. But electricity, rent and transport costs were higher compared to January last year. Long distance transport costs dipped marginally after the Christmas season but remained higher than last January’s.


Source: Daily Nation January 31, 2019 18:56 UTC



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