Was April an economically friendly month for you?

Well, we are set to find out, any time today, when Kenya National Bureau of Statistics (KNBS) announces April’s Consumer Price Index (CPI).

Inflation rate currently stands at 15.61% down from 16.69% in February.

Some of the factors that would greatly influence this month’s inflation rate include the high pump prices, the ever increasing food and non-alcoholic drinks index and the Housing, Water, Electricity, Gas and other Fuels index which have also been on the rise.

We expect an increase of this month’s CPI, which is attributed to the significant increase in fule pump prices, but as long as the difference between this month’s CPI and April 2011 CPI won’t be big, there won’t be a significant change in the inflation rate. April 2011 CPI stood at 118.29.

Watch this space for more information on the inflation rate.