Kenyans are constantly being forced to dig deeper into their pockets in order to make ends meet. If it’s not the price of “Unga” that has increased then its fuel prices. If it’s not transport fare that has increased then it’s the price of sugar. The cost of living is on an upward trend.
We have compiled a list of Consumer Price Indices (CPI) for the past 12 months to create a clearer image of this trend of increase in cost of living.
CPI, in case you are wondering, is a measure of change in the price level of consumer goods and services purchased by households. The CPI in Kenya is defined by the Kenya National Bureau of Statistics (KNBS) as a measure of the average change over time in the prices paid by urban consumers in 13 urban centers and the prices are obtained from selected retail outlets in 25 data collection zones.
That aside, let’s look at the trend in CPI for the past 12 months.
- Data sourced from: knbs
From the above statistics, the prices of consumer goods and services have been on the rise.
To more positive news, the recently experienced heavy rains could help lower the price of most food products. In addition, the current trend in the international crude oil prices could see the transportation costs reduce. A combination of these two factors could see a reduction in CPI in the subsequent future.