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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 
Kenyan overall inflation rates rising to 4.28 percent during June

NAIROBI (Xinhua) -- Kenya’s overall monthly inflation increased to 4.28 percent in June from 3.95 percent in May despite decreases in some foodstaff, the statistics bureau said on Friday.

The Kenya National Bureau of Statistics (KNBS) said the Consumer Price Index (CPI) computed using the geometric mean approach decreased by 0.89 percent from 195.05 in May to 193.31 in June.

"Between May and June, food and non-alcoholic drinks’ index decreased by 2.20 percent. This was due to decrease in prices of some foodstuffs outweighing increases recorded in respect of others," the bureau said in a statement.

The bureau said year-on-year food inflation increased from 0.26 percent in April to 0.34 percent in May.

According to KNBS, Housing, Water, Electricity, Gas and Other Fuels’ index increased by 0.52 percent in June compared to 1.79 percent in May.

"This was mainly attributed to significant increase in prices of kerosene and charcoal which outweighed decreases in electricity pricess," KNBS said.

Transport Index increased by 0.37 percent mainly on account of increase in the pump price of petrol diesel.

The prices were obtained from selected retail outlets in 25 data collection zones located in Nairobi and 13 other urban centres.

           

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