Tuesday, April 23, 2024

Cost of living rises in November

The rate of inflation has risen up to 6.68 per cent in November from 6.47 per cent in October. This is according to the Kenya Bureau of Statistics.

The rise in inflation is mainly attributable to an increase in the cost of food and non-alcoholic drinks. The Food and Non-Alcoholic Drinks’ Index increased by 1.17 per cent, KNBS noted.

The statistics bureau said that during the period, housing, water, electricity, gas and other fuels’ index increased by 0.11 per cent.

“The Transport Index increased by 0.55 per cent in November 2016 compared to October 2016 mainly due to increases in the pump prices of petrol and diesel,” KNBS noted.

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