The month of June has the highest inflation rate in the last five years standing at 7.9%. The report released by Kenya National Bureau of Statistics (KNBS) on the 30th of June 2022, showed an increase of 0.8% in inflation as compared to the month of May which stood at 7.1%.
The increase of the annual inflation rate was attributed to an increase in price of commodities under the following Classification of Individual Consumption by Purpose (COICOP) division. Food and Non-Alcoholic Beverages had the highest inflation increase standing at 13.8% in the June 2021- June 2022 period. Furnishing and household equipment’s and maintenance increased by 9.2%, while transport rose by 7.1% in the same period.
The commodities that had the highest individual increase under the food category were; White wheat flour (2Kg) by 12.7%, cooking oil salad (1 litre)by 4.7%, carrots 1 kg by 4.7%, Onions 1kg by 5.3%, potatoes 1kg by 4.8% and white bread 400g by 4.6%. While Kerosene (1 litre) increased by 7.5%, Diesel (1 litre) by 6.8% and Petrol (1 litre) by 6%.
With the cost of living raising by the minute experts advise that consumers should buy food product in bulk and avoid buying “brands”. By buying commodities that are of quality and give you the value of your money.