Inflation edges up to 3.95 percent in May - News Summed Up

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Inflation edges up to 3.95 percent in May


During the period under review, housing, water, electricity, gas and other fuel index increased by 1.79 per cent compared to 3.24 per cent in April. This was mainly attributed to increase in the prices of cooking fuels with charcoal recording the highest increase of 9.66 per cent. This means charcoal has suddenly become more expensive than kerosene, which is retailing at around Sh80 per litre. A 35 kilogram sack today sells for between Sh 3,200 and Sh 3,500. Inflation has remained close to the middle of the government’s target range of 2.5-7.5 percent in recent months.


Source: Standard Digital May 31, 2018 09:22 UTC



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