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Cost of living continue to soar as inflation rate jump to 8.36 per cent in August

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By TF News Reporter

Increasing prices of food, rent and transport costs have pushed the rate of inflation to 8.36 per cent in August up from 7.67 in July.Rising rate of inflation is a concern to government whose target is five per cent and belowRising rate of inflation is a concern to government whose target is five per cent and below

During the month, several parts of the country experienced drought with the government forced to supply emergency food relief to thousands of famine-stricken people in six counties, most of them in the arid and semi arid areas.

According the Kenya National Bureau of Statistics (KNBS), food and non-alcoholic drinks’ index increased by 1.75 per cent between July and August this year.

“This aggregate rise in rate of food inflation came as a result of observed increases in the prices of several food commodities,” says the Bureau.

It says over the same period, housing, water, electricity, gas and other fuels' index increased by 0.32 per cent mainly due to increase in the cost of main cooking fuels as well as house rents.

 

 

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