Inflation stagnates at 4.5 pc

 

ANNUAL Inflation rate has stagnated at 4.5 per cent for the two consecutive months.

National Bureau of Statistics (NBS) said today the rate remain unchanged in October, which are similar to September rate. NBS said “the inflation…explains that, the speed of price increase for commodities in the year ending October, 2016 has remained the same as the speed of price increase recorded for the year ended September, 2016”. 

 

The overall index went up to 103.17 in October, 2016 from 98.72 recorded in October, 2015. Food and non alcoholic beverages inflation rate for the month of October, 2016 has stagnated at 6.0 per cent as it was recorded in September, 2016.

Regionally, Kenya inflation slightly increased to 6.47 per cent in October, from 6.34 per cent recorded in September. In Uganda data shows a difference in price movement whereby inflation rate decreased by 0.1 per cent point to 4.1 per cent October, 2016.