NAIROBI, Kenya — Kenya’s inflation increased to 5.7 per cent in the month of September from 4.04 per cent the previous month due to increased taxes on petroleum products.
The rate is the highest in 11 months — pushed higher by an increase in fuel, transport and food prices according to the Kenya National Bureau of Statistics.
The Transport Index rose 7.99 percent from a month earlier and was up 17.29 percent when compared with September 2017 due to increased petrol and diesel prices.
A liter of petrol now cost upwards of 127 shillings ($1.20) from the previous 112.
“This was mainly on account of increase in the pump prices of petrol and diesel which triggered increase in prices of other transport components,” said KNBS in a statement.
“Charcoal prices increased drastically sometimes ago and this relates to the ban on logging. We expect this to remain so because this ban remains in place,” Central Bank of Kenya (CBK) governor Patrick Njoroge had said on Wednesday.
— KNBStats (@KNBStats) 29 september 2018
