CPI and Inflation Rates for December 2013

Kenya National Bureau of Statistics hereby releases Consumer Price Indices (CPI) and rates of inflation for December 2013. These numbers have been generated using data collected during the second and third weeks of the month under review. The prices were obtained from selected retail outlets in 25 data collection zones located in 13 urban centers.

cpi122013The CPI increased by 0.50 per cent from 143.14 in November 2013 to 143.85 in December 2013. The overall inflation rate stood at 7.15 per cent in December 2013.
During the month of December 2013, Food and Non Alcoholic drinks’ Index increased by 0.55 per cent. This was observed as a net effect of increase in prices of some food items outweighing notable falls in others.

Between November and December 2013, Housing, Water, Electricity, Gas and Other Fuels’ index, increased by 0.01 per cent. This Marginal increase was attributed to notable rises in the cost of cooking fuels. However, as can be seen from Table 3 above, a significant fall in the cost of electricity balanced the net effect in the index. Despite introduction of a Water Resource Management Authority (WARMA) levy of 6.0 cents per KWh electricity costs reduced significantly due to waiving of inflation levy and reduction of forex adjustment costs.

Transport Index increased by 1.83 per cent over the review period, mainly due to higher matatu and bus fares associated with chrismas festivities. This was further compounded by marginal rises in petrol and diesel prices…Download..

Leading Economic Indicators November 2013

lei112013Consumer Price Index (CPI) increased from 142.75 points in October 2013 to 143.14 points in November 2013. The overall rate of inflation declined from 7.76 per cent to 7.36 per cent during the period. The Kenyan shilling appreciated against the Euro, the Japanese Yen, and the South African Rand, exchanging at an average of KSh 116.21, KSh 86.21, and KSh 8.43, while depreciating against other major currencies, as at the end of November 2013.
The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, increased from 9.58 per cent in September 2013 to 9.70 in October 2013. The inter-bank rates increased from 7.82 per cent to 10.60 per cent during the period. The Nairobi Securities Exchange share index (NSE 20) increased from 4,936 points in October 2013 to 5,101 points in November 2013, while the total number of shares traded decreased from 804 to 645 million shares during the same period. The total value of NSE shares traded declined from KSh 15.9 billion to KSh 13.1 billion. Broad money supply (M3), a key indicator for monetary policy formulation, increased from KSh 1,862.0 billion in September 2013 to 1,879.1 billion in October 2013. Money and Quasi-money (M2) expanded from KSh 1,593.4 billion to KSh 1,596.6 billion over the same period. Gross Foreign Exchange Reserves decreased from KSh 695.2 billion in September to KSh 671.3 billion in October 2013. Net Foreign Exchange Reserves decreased to KSh 366.4 billion over the same period.

Gross Domestic Product Third Quarter 2013

3gdp2013Provisional estimates of Gross Domestic Product (GDP) show that the country’s economy maintained a moderate growth of 4.4 per cent in the third quarter of 2013 compared to 4.5 per cent recorded during a similar quarter of 2012. The growth was mainly supported by improved performances in financial intermediation, transport and communication, wholesale and retail trade, manufacturing, construction and mining and quarrying activities. On the other hand, there was a slowdown in the growth of agriculture and forestry sector which impacted negatively on the economic performance. Activities of the hotels and restaurants rebounded though the growth remained relatively suppressed. Seasonally adjusted growth, which tracks performance in consecutive, quarters indicate that the third quarter 2013 grew by 1.6 per cent compared to a growth of 0.8 per cent in second quarter 2013. 

CPI and Inflation Rates for November 2013

cpi112013Kenya National Bureau of Statistics hereby releases Consumer Price Indices (CPI) and rates of inflation for November 2013. These numbers have been generated using data collected during the second and third weeks of the month under review. The prices were obtained from selected retail outlets in 25 data collection zones located in 13 urban centers.

As shown in Tables 1 and 2, the CPI increased by 0.27 per cent from 142.75 in October 2013 to 143.14 in November 2013. The overall inflation rate stood at 7.36 per cent in November 2013.

During the month of November 2013, Food and Non Alcoholic drinks’ Index increased by 0.40 per cent being a net effect of increase in prices of some food items outweighing falls in prices of others.

Although the price of kerosene decreased by 2.55 per cent, over the review period, Housing, Water, Electricity, Gas and Other Fuels’ index, increased by 0.52 per cent. This was attributed to notable rises in the cost of some house rents, electricity and cooking gas as shown in Table 3. For instance, despite decrease in forex adjustment charges, fuel cost adjustment charges increased which led to slightly higher cost of electricity in November 2013 compared to October 2013.

Transport Index dropped by 0.42 per cent mainly due to reduced prices of petrol and diesel..Read more..

Leading Economic Indicators October 2013

LEI10Consumer Price Index (CPI) fell slightly from 142.82 points in September 2013 to 142.75 points in October 2013. The overall rate of inflation declined from 8.29 per cent to 7.76 per cent during the period. The Kenyan shilling appreciated against all major currencies and exchanged at an average of KSh 85.31, KSh 137.31, KSh 116.33, KSh 87.24, KSh 8.80, KSh 29.74 and KSh 18.87 against the US dollar, sterling pound, Euro, Japanese Yen, South African rand, the Ugandan and Tanzanian shilling respectively, as at the end of October 2013.

The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, increased from 9.58 per cent in September 2013 to 9.70 in October 2013. The inter-bank rates increased from 7.82 per cent to 10.60 per cent during the period. The Nairobi Securities Exchange share index (NSE 20) went up from 4,793 points in September 2013 to 4,936 points in October 2013, while the total number of shares traded increased from 489 to 804 million shares during the same period. The total value of NSE shares traded rose from KSh 10.1 billion to KSh 15.9 billion. Broad money supply (M3), a key indicator for monetary policy formulation, increased from KSh 1,862.0 billion in September 2013 to 1,879.1 billion in September 2013. Money and Quasi-money (M2) expanded from KSh 1,593.4 billion to KSh 1,596.6 billion over the same period. Gross Foreign Exchange Reserves increased from KSh 684.6 billion in August to KSh 695.2 billion in September 2013. Net Foreign Exchange Reserves decreased to KSh 374.5 billion over the same period.

Remarks by the Ag, Director General, Kenya National Bureau Of Statistics, Mr. Zachary Mwangi, During The African Statistics Day Celebrations And The Attainment Of KNBS ISO9001:2008 Certification

Remarks by the Ag, Director General, Kenya National Bureau Of Statistics, Mr. Zachary Mwangi, During The African Statistics Day Celebrations And The Attainment Of KNBS ISO9001:2008 Certification Held At KICC on 18t November, 2013
The Chief Guest, Ms. Anne Waiguru, the Cabinet Secretary for Devolution and Planning,
Cabinet Secretaries present,
Eng. Peter Mangiti, Principal Secretary for Planning
Other Principal Secretaries present
Mr. Edwin Osundwa, Chairman KNBS Board of Directors
Representatives from Development Partners
CEOs and Heads of Departments present
KNBS staff,
Distinguished Guests,

Ladies and Gentlemen;

Good morning and welcome to our celebrations.

Today is yet another day that we are gathered to raise awareness on the production and use of statistics, which is one of our core mandates. Our Vision in the Bureau – to be “A centre of excellence in Statistics production and management” – truly captures the theme for the 13th African Statistics Day celebration. The theme focuses on “Quality Data to support African Progress.” This draws attention to all data producers, supplies and users to the importance of quality statistics for evidence based decision making in all aspects of our socio economic development processes. Our celebrations today combines both the African Statistics Day and the attainment of the ISO 9001:2008 Quality Management System certification.

Statistics is a powerful and irreplaceable tool for decision making which informs the design, implementation, monitoring and evaluation of various development programmes by government and stakeholders. The need for and use of quality data, therefore, is critical in planning and improving delivery of services.

Ladies and Gentlemen

The Bureau believes that data should be relevant to the needs of users, accurate and widely disseminated in a timely manner. It should be easily accessible to all, for use in informing the efforts of building the nation. Above all, the data collection methodologies should be scientifically acceptable and statistically sound. To this end, the Bureau has always complied with international standards and methodological soundness when producing and disseminating any form of statistics.
Further, a number of statistical committees including; Trade Statistics Committee, Agriculture, Environment and Nutrition Committee, Justice and Security Statistics Committee have also been established and operationalized to ensure production of quality data is achieved. The Bureau has also been training its staff as part of skills development to enhance their technical capacity.

Ladies and Gentlemen,

As the Bureau endeavors to meet its mandate, a myriad of challenges are encountered. These include inadequate resources and office space among others. In addition, the emerging role of the regional economic cooperation and trade negotiations have brought in the challenge of increased demand for quality statistics for informed decision making. The increased demand of data at devolved level as we implement the current Constitution is also a great concern. In an effort to address these challenges, the Government and the development partners have been increasing their support towards development of the National Statistical System (NSS).

Ladies and Gentlemen,

Together with other stakeholders, the Bureau has planned to undertake several initiatives to improve the quality of data production and access. These include among others:
• Formulation of a National Strategy for the Development of Statistics (NSDS). The Strategy once implemented will promote effective coordination between data producers and users, thereby enhancing and ensuring the relevancy, efficiency and timeliness in dissemination of data.
• Revision and rebasing of National Accounts.
• Creation of new and expanded sampling frames to enable the Bureau to generate reliable statistics at the county level.
• Undertake the Kenya Demographic and Health Survey to update health indicators
• Undertake an Agriculture Census to update agricultural indicators and subsequently create a sampling frame to be used in future agricultural surveys.
• Undertake the second Kenya Integrated Household Budget Survey to update various indicators. In particular, new poverty estimates which forms a key input to resource allocations will be derived.
• Undertake a survey of Micro, Small and Medium Enterprises (MSME) to determine their contribution to the Kenya economy and employment creation.
• Development of a new website which has more improved features and is easier to navigate.

• Production of county indicators and preparation of county specific Statistical Abstracts to improve on data access.
The Bureau will soon be engaging other stakeholders to start work of addressing the various statistical flagship projects outlined in the second Medium term Plan (2013-2017) the preparatory stated.

Ladies and gentlemen

The Kenya National Bureau of Statistics is exceptionally pleased to receive the ISO 9001:2008 Quality Management System Certification. Under the current Performance Contract, continuous implementation of ISO 9001:2008 QMS is one of our commitments. As we celebrate this attainment of the ISO certification, we wish to assure our customers, partners, data producers and users that KNBS will continue to implement the QMS. We shall endeavor to uphold efficiency and high standards of performance in order to satisfy our customers. Through this journey, our customers can rest assured that we shall honor all the pledges we have made to them on quality and performance.

I would like to take this opportunity to thank the Government for the support they have been rendering to the Bureau towards development and production of statistics.
Equally, I thank all the development partners for their technical and financial support.
To the data producers, I thank you for your continued cooperation whenever called upon.
I am also indebted to the, Board members and the staff of KNBS for working as a team as we strive to discharge our mandate.

Finally, I thank the Media and everyone else for finding time to celebrate with us today.
Let us go out and spread the gospel of statistics.

THANK YOU ALL

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