CPI and Inflation Rates for May 2016

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Kenya National Bureau of Statistics hereby releases Consumer Price Indices (CPI) and inflation rates for May, 2016. 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 Nairobi and 13 other urban centers.

The CPI increased by 0.55 per cent from 167.07 in April 2016 to 167.99 in May 2016. The overall inflation rate in May 2016 stood at 5.00 per cent.Download CPI and Inflation Rates for May 2016

 

PRESS RELEASE

2009 analytical reports

MIS-INFORMATION CIRCULATING ABOUT THE KENYA NATIONAL BUREAU OF STATISTICS OFFICERS, UNDERTAKING FIELD DATA COLLECTION.

The Kenya National Bureau of Statistics (KNBS) was established by The Statistics Act of 2006, as a Semi-Autonomous Government Agency under the Ministry of Devolution and Planning.

The Act mandated KNBS to do collection, compilation, analysis, publication and dissemination of statistical information for public use, with an additional role of coordinating, monitoring and supervising the National Statistical System (NSS). KNBS plays a crucial role in the development of statistics, at the National and County levels.
Among other key Surveys, KNBS is currently conducting the 2015/16 Kenya Integrated Household Budget Survey (KIHBS). The national survey will provide a wide range of information such as the standard of living, education levels, employment and many other indicators for planning and policy making at both the national and county level. The main field data collection exercise commenced in September 2015, and is ongoing until end of August 2016. Preparatory activities for the main field data collection include visiting the selected areas to prepare a list of households, in preparation for interviews during the 2015/16 KIHBS, as well as conducting publicity and advocacy campaigns. This has been ongoing since the survey commenced.
As part of the preparatory activities, our officers (2 male KNBS officer and 1 female temporary officer) visited ‘Charani Court’ Cluster in Highridge, Westlands area accompanied by the village elder and the Chief, to undertake the household listing exercise from Friday 20th May 2016, to Sunday 22nd May 2016. The area chief further conducted a door-to-door publicity exercise for the selected respondents for the 2015/16 KIHBS in the area. The KNBS officers then proceeded on with the household listing exercise.
The exercise was temporarily interrupted by one household respondent who was not certain of the identity of KNBS officers. The respondent proceeded to call the police and requested for identification badges of our personnel. Our officers handed over their badges and the official introduction letter to the respondent, for confirmation. The issue was resolved by the police and the area chief, and KNBS team proceeded to finalize the listing exercise.
Even after the clarification, it is unfortunate that photographs of our officers alongside the official introduction letter signed by Director, Population and Social Statistics on behalf of the Director General have been circulating on Facebook and Whatsapp under ‘Crime Alert Kenya.’ We wish to inform the public that, KNBS officers whose pictures are in circulation are not criminals, but legitimate KNBS staff.
We regret this incident and urge our stakeholders and the public to first verify facts from our offices Tel +254(0)20-3 317 583/612/+254 701 244 533, twitter handle @KNBStats, Facebook page Kenya Stats and the website, [email protected] before posting misleading information on social media. This will greatly impact on response rates, and hinder evidence based decision making for the betterment of all Kenyans.
We however request the public to support us during our surveys, as we endeavor to collect quality statistics that keep you informed!

2009 Kenya Population and Housing Census Analytical Reports

The 2009 Kenya Population and Housing Census (KPHC) was conducted from the night of 24th/25th to 31st August 2009. The Census was the fifth to be undertaken in Kenya since independence and the seventh in the country‟s history. Previous censuses were conducted in 1948, 1962, 1969, 1979, 1989 and 1999. Planning and execution of the 2009 Census was spearheaded by the Kenya National Bureau of Statistics (KNBS) on behalf of the Government – in accordance with the Statistics Act, 2006. The theme of the Census was “Counting our People for Implementation of Vision 2030”, which was deemed necessary in order to respond to the greater demand for statistical information, for monitoring the implementation of Kenya‟s development plans and other global initiatives, such as the Millennium Development Goals (MDGs).

The main objective of the 2009 Census was to provide the Government and other stakeholders with essential information on the population, as regards demographic, social and economic characteristics, housing conditions and household amenities. By generating information at all administrative levels, it was also intended to provide a sound basis to evaluate the impact of population-related policies and programmes in the country.

The first series of the 2009 Census preliminary results were released on August, 2010, in a set of four volumes. The volumes presented census information in the following categories; Population Distribution by Administrative Units; Population Distribution by Political Units; Population Distribution by Age and Sex; and, Distribution of Households by Socio-economic Characteristics. This second set comprising thirteen analytical reports, addresses issues on Fertility and Nuptiality, Mortality , Housing Conditions, Amenities and Household Assets, Education and Training, Household and Family Dynamics, Disability, Migration, Urbanization, Labour Force Dynamics, Gender Dimensions, Population Dynamics, Population Projections and Census Atlas.

Preparation of the analytical reports involved collaborative efforts of both local and international experts as well as various Government Ministries and Departments. The authors were recruited on competitive basis, ensuring they possessed the necessary experience and skills. The authorship was done under the supervision of two experienced lead consultants.
Data capture was done using scanning technology. The processes were highly integrated, with tight controls to guarantee accuracy of results. To achieve internal consistency and minimize errors, rigorous data editing, cleaning and validation were carried out to facilitate further analysis of the results. The information presented in these reports is therefore based on more cleaned data sets, and is preferred in case there are differences in the results published in the first set of volumes.

 

Leading Economic Indicators March 2016

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The Leading Economic Indicators highlights trends in Consumer Price Indices (CPI) and inflation, interest rates, exchange rates, international trade, agriculture, energy, manufacturing, building and construction, tourism and transport.
Consumer Price Index (CPI) rose from 164.67 points in February 2015 to 165.92 points in March 2016. The overall rate of inflation dropped from 6.84 per cent to 6.45 per cent during the same period. In March, 2016 the Kenyan Shilling depreciated against major currencies but appreciated against Tanzanian shilling.
The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, declined from 10.63 per cent in February 2016 to 8.72 per cent in March 2016. However, the inter-bank rate fell to 4.04 in March 2016 from 4.53 per cent in February 2016.

The Nairobi Securities Exchange (NSE) 20 share index expanded from 3,871 points in February 2015 to 3,982 points in March 2016, while the total number of shares traded increased from 341 million to 536 million shares during the same period. The total value of NSE shares traded went up from KSh 10.16 billion in February 2015 to KSh 13.45 billion in March 2016.
Broad money supply (M3), a key indicator for monetary policy formulation rose from KSh 2,627.76 billion in February 2016 to KSh 2,662.90 billion in March 2016.
Gross Foreign Exchange Reserves increased from KSh 962.57 billion in February 2016 to KSh 991.42 billion in March 2016. Net Foreign Exchange Reserves expanded from KSh 458.84 billion in February 2016 to KSh 473.46 billion in March 2016. Download Leading Economic Indicators March 2016..

 

Economic Survey 2016

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The Gross Domestic Product (GDP) is estimated to have expanded by 5.6 per cent in 2015 which was a slight improvement compared to a 5.3 per cent growth in 2014. This growth was mainly supported by a stable macroeconomic environment and improvement in outputs of agriculture; construction; finance and insurance and real estate. However, growth slowed in a number of sectors including; information and communication, mining and quarrying, and wholesale and retail trade. Similarly, growth in taxes on products slowed during the review period. The growth of accommodation and food services contracted by 1.3 per cent,a less severe performance compared to a revised decline of 16.7 per cent in 2014.

The growth in agriculture was mainly supported by improved weather condition that resulted in significant increases in output of maize, horticultural produce and livestock. However, heavy rains in 2015 were unfavorable to cultivation of some crops like potatoes and tomatoes. Nevertheless the significance of crops that were favoured by the weather far outweighed that of crops negatively impacted upon, resulting in an impressive growth of 5.6 per cent in the agriculture sector.

 

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Construction recorded the fastest growth of 13.6 per cent in 2015 compared to 13.1 per cent in 2014. Growth in construction activities was mainly driven by the ongoing public infrastructure development coupled with the resilient private sector’s expansion in the real estate sector. The financial and insurance sector maintained a robust expansion to grow at 8.7 per cent in 2015 from 8.3 per cent in 2014. This growth was mirrored by a 19.2 per cent rise in the total domestic credit to KSh 2,830.5 billion in December 2015 compared to a growth of 16.1 per cent in December 2014.

Key macroeconomic indicators remained relatively stable and supportive of the growth during the year under review. Overall inflation eased from 6.9 per cent in 2014 to 6.6 per cent in 2015 mainly due to lower prices of energy and transport. Monthly inflation rates fluctuated between 5.5 per cent and 8.0 per cent but were largely contained within the Central Bank’s target throughout the year. Generally, the Shilling depreciated against its major trading currencies as reflected by the weighted trade index which worsened by 5.7 per cent during the review period. The Shilling was mainly supported by a significant fall in the international oil prices as the country cut-back expenditure on importation of petroleum fuels and increased diaspora remittances. However, lower earnings from the tourism sector impacted negatively on the exchange rate of the Shilling in 2015.

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In response to rising inflation at the beginning of the year and instability of the shilling, the monetary authorities adjusted the Central Bank Rate (CBR) from 8.50 per cent to 10.0 per cent in June and later to 11.5 per cent in July 2015. The weighted average interest rates on commercial banks loans and advances rose by 1.40 percentage points to 17.45 per cent in December 2015 compared to 15.99 per cent in December 2014. The index of stocks traded at the Nairobi Securities Exchange (NSE) declined significantly from a high of 5,346 points in the first quarter of 2015 to 4,040 points in December 2015.

In 2015, the current account balance improved largely due to a decline in the import bill against a substantial growth in export earnings. The decrease in the import bill was mainly due to the fall in the international oil prices. The growth in export earnings was largely driven by improved prices for some commodities which more than offset the effects of the fall in quantities of export. However, the country’s export growth was curtailed by suppressed external demand.

The effects of the fall in fuel prices were experienced across most of the industries, with the main beneficiary being transport and storage where there was a significant decline in costs of production. Other sectors that significantly gained from the lower fuel prices include construction and thermal generation of electricity.

 

 Economic Survey 2016 publication

Economic Survey 2016 popular version

Economic Survey 2016 Highlights 

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