As compared to May, June was a better month for Kenyans as the price of major consumer goods and services dropped. The pump price of super petrol, for instance, dropped by KES 3.46 to retail at KES 117.67 per litre in Nairobi.
Figures released by the Kenya National Bureau of Statistics show that Consumer Price Indices (CPI) have decreased by 0.77 per cent from 134.09 in May 2012 to 133.06 in June 2012. Inflation rate is also on a steady decline, standing at 10.05 per cent in June 2012.
Food and non-alcoholic drinks’ index decreased by 1.91 per cent between May and June 2012, which has been attributed to a fall in prices of food products such as milk, potatoes, tomatoes, cabbages, onions, oranges and sukuma wiki in June compared to May 2012.
The housing, water, electricity, gas and other fuels index also decreased by 0.20 per cent between May and June 2012. This was mainly due to reduced costs of electricity, kerosene and cooking gas. For instance, the average cost of consuming 50 units of electricity declined from 650.00 in May to KES 600.00 in June 2012. The decrease was due to reduced fuel cost adjustment charges per Kwh in June compared to May 2012.
Similarly, the transport index decreased by 0.35 per cent over the same review period due to lower costs of petrol, diesel and public transport fares.