CPI AND INFLATION RATES FOR THE MONTH OF NOVEMBER 2008

Kenya National Bureau of Statistics is pleased to release the Consumer Price Indices (CPI) and inflation rates for the month of November 2008, for your information and use. This data is generated through monthly data collection from retail outlets in 13 urban centers in Kenya and is perceived to represent the spending behaviour of Kenyan urban households. The prices are collected in the second and third weeks of the month of review in the selected retail outlets. This is in order to maintain consistency in the price variations.

The CPI increased by 2.2 per cent from 295.38 points in October 2008 to 301.79 points in November 2008.  Month-on-month overall inflation rate increased from 28.4 percent in October 2008 to 29.4 per cent in November 2008.  On the other hand, month-on-month underlying inflation rate which excludes food items from the CPI basket decreased from 13.0 percent in October 2008 to 12.3 per cent in November 2008.

Table 1 shows Weights and the percentage changes to the indices of broad categories of items in the month of November 2008 compared to October 2008 (previous month) and the month of November 2008 compared to November 2007 (previous year).

Table 1: One Month and twelve months Change in Price Indices

Broad Item Group

%

Weights

% Change on Previous month (Nov 08/Oct 08 )

% Change on Previous year (Nov 08/Nov 07)

Food & Non-alcoholic drink

50.50

3.1

39.4 

Alcohol & Tobacco

2.97

-0.4

15.1 

Clothing & Footwear

9.00

0.5

6.0

Housing Costs

11.74

0.9 

7.4 

Fuel & Power

4.18

-0.7 

26.9 

Household Goods & Services

5.82

0.9 

12.7 

Medical Goods and Services

1.59

0.6 

14.6 

Transport & Communication

5.75

- 0.3

13.4 

Recreation & Education

6.02

0.2 

7.1 

Personal Goods

2.45

1.0 

10.3

Average all Groups

100.00

2.2 

29.4 

Food and non alcoholic drinks index, increased by 3.1 percent from 392.81 in October 2008 to 405.03 in November 2008 mainly due to increase in the prices of maize flour, tomatoes and maize grain among other food items. The average price of two Kilograms of maize flour for instance, increased by 11.4 percent from KSh.81.75 in October to KSh. 91.05 in November 2008.  Prices of tomatoes and loose maize grains, similarly increased by 13.8 and 4.1 percents, respectively.

The Fuel and power index decreased by 0.7 percent from 386.01 in October 2008 to 383.49 in November 2008. This was mainly due to decreases in the cost of diesel and petrol. The average cost of a litre of diesel decreased by 7.9 percent from KSh. 97.97 in October to KSh 90.20 in November 2008. Similarly, the prices of regular and supper petrol decreased by 3.0 and 6.2 percents, respectively.

 

Table 2: Overall CPI movement from December 2007 to November 2008: (October 1997=100)

Month

Overall CPI

% Change on Previous month

% Change over the same month one year ago

December-2007

 239.81

2.8

 

January-2008

 260.94

8.8

18.2

February-2008

 266.37

2.1

19.1

March-2008

 274.55

3.1

21.8

April-2008

 281.88

2.7

26.6

May-2008

 291.79

3.5

31.5

June-2008

 290.75

-0.4

29.3

July-2008

 286.62

-1.4

26.5

August-2008

 288.06

0.5

27.6

September-2008

 292.57

1.6

28.2

October-2008

 295.38

1.0

28.4

November-2008

 301.79

2.2

29.4

 

Source: Kenya National Bureau of Statistics