Kenya’s Record Low Inflation As Maize & Wheat Prices Continue To Drop

Kenya’s inflation dropped to a record 24-month low in April to hit five per cent, the latest data from the Kenya National Bureau of Statistics shows, as prices of key food commodities continued to fall.

This is the third month in a row that the index has dropped, from 6.9 percent in January to 6.3 per cent in February and 5.7 per cent in March, and now the five per cent last month.

The continued drop comes despite some price rises on some indices.

Major contributors to April’s year-on-year price rises included transport, food and non-alcoholic beverages, and housing, water, electricity, gas and other fuels.

However, prices of onions, leeks and bulbs, tomatoes, and oranges witnessed an upward trend during the same period, increasing by 5.8, 4.3, and 4.0 per cent, respectively.

The statistics body says that in the period under review, the transport index however reduced by 0.3 per cent between March 2024 and April 2024, attributed to a drop in petrol and diesel prices of 2.7 per cent and 5.2 per cent, respectively.

This was mainly due to a drop in prices of petrol and diesel by 2.7 per cent and 5.2 per cent, respectively, month-on-month.