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Food costs dropped in April – KBC

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The cost of heavy goods and services dropped in April with accounts of improved rainfall and stable oil prices.

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The Kenya Bureau of Standards inflation report for April shows food prices have dropped slightly to 5.8% from 5.9% in March.

At 5.9pm, inflation is within the medium-term policy target set by the central bank of Kenya.

According to the monthly inflation report by the statistics agency, prices for tomatoes, cabbage and potatoes increased by 8.50%, 5.68% and 3.85%, respectively.

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However, sugar and orange prices fell by 0.56% and 0.06%, respectively.

One kilogram of sugar was sold for Ksh 114 in most of the surveyed stores compared to 114.20 in March 2021.

Customers pumped out more for coal and rent for a one-room unit, which increased by 1.83% and 0.05%, respectively.

According to a report by the National Bureau of Statistics of Kenya, the monthly cost of inflation for January was 5.69%, February 5.78%, March 5.90%, and April 5.76%.

The monthly rate on Food and Beverages increased by 1.73 percent between March 2021 and April 2021.

These food prices were largely due to the increase in the price of other food products, which further reduced the price of other foods.

Index of Housing, Water, Electricity, Gas and Other Fuels increased by 0.38% between March 2021 and April 2021.

KNBS data is based on data collected through monthly retail price surveys that target a representative basket of household goods and services.

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