Nairobi, Kenya - The year-on-year inflation rate in Kenya increased slightly to 4.4% in August 2024, according to the Kenya National Bureau of Statistics (KNBS). This is up from 4.3% in July.

The rise in inflation was primarily driven by increased prices in food and non-alcoholic beverages, housing, and transportation. Food prices, in particular, rose by 5.3% compared to the same period last year.

Despite the overall increase, the monthly inflation rate actually decreased slightly from July to August. This was due in part to a drop in the prices of some food items, such as tomatoes and spinach.

The KNBS data also showed that the prices of cigarettes and electricity increased significantly in August. However, the prices of petrol and diesel remained unchanged.



Overall, while Kenya's inflation rate is still relatively low, the slight increase in August is a cause for concern. The government will need to monitor the situation closely and take steps to prevent inflation from rising further.

How Inflation Affects Your Money:

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Notes & References:

Kenya National Bureau of Statistics (KNBS). (2024, Aug). Consumer Price Indices and Inflation Rates – August 2024. https://www.knbs.or.ke/reports/consumer-price-indices-and-inflation-rates-august-2024/