Month: July 2016

Kenya National Bureau of Statistics hereby releases Consumer Price Indices (CPI) and inflation rates for July, 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 0.64 per cent from 169.76 in June 2016 to 170.84 in July 2016. The overall inflation rate stood at 6.39 per cent in July 2016. Download CPI and inflation rates for July 2016

Agricultural Statistics refer to a branch of economic statistics that deals with the collection, processing and analysis of data on domesticated plants and animals. Rural statistics refer to broad range of statistics (economic, social, demographic, agricultural,etc.) covering the rural areas of a country. In this case rural statistics refer to those statistics that are agriculture related.

Agriculture sector is the backbone of Kenya’s economy. It contributes about 25 percent to the Gross Domestic Product (GDP) of Kenya and is the source of livelihood for most of the rural population; as such it is inevitably the key to food security and reduction of poverty. Agriculture is not only key to economic growth of Kenya but also the determinant of equity in development and is fundamental to reducing poverty and hunger.

Over the years, in order to improve the agricultural sector, Kenya has developed several policy documents the main ones being: Kenya Vision 2030 (2008-2030) which is the long term development blueprint for the country. Its aim is to transform Kenya to a newly industrializing middle income country providing a high quality life to its citizens by 2030. The Vision was motivated by a collective aspiration for a better society in Kenya by 2030. Implementation of the Vision would also enable achievement of the Sustainable Development Goals (SDGs) for Kenya.
Other agricultural policy documents developed over time included: Kenya’s Strategy for Revitalizing Agriculture (launched in 2004); Agricultural Sector Development Strategy (2010-2020); National Horticulture Policy, 2012; Fisheries Policy, 2008; National Livestock Policy, 2008; Kenya Forest Policy, 2008; Cooperative Development Policy, 2008; Food and Nutrition Security Policy, 2011; etc.

Credible data is required to inform and undertake the planning process; compilation of reliable national accounts; monitor sector performance; monitor and evaluate the impact of policies and programmes and contribute to the decision-making process. Agricultural data is required by a wide spectrum of stakeholders ranging from decision-makers in government, the private sector, academia for research and teaching and the donor community.

To enable monitoring and evaluation of the performance of agricultural development policies, through various indicators, it was imperative that the Ministry of Agriculture, Livestock and Fisheries and the Kenya National Bureau of Statistics, initiate the process of preparing the national strategy for the development of agricultural statistics.

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Kenya National Bureau of Statistics hereby releases the Producer Price Index (PPI) for the second quarter of 2016. Producer Price Index measures the gross changes in the trading price of products on the domestic and non-domestic markets, at all stages of processing. The price changes are measured from the perspective of the producer. The producer prices are collected as at 15th February, 15th May, 15th August and 15th November of the year. These dates correspond to the first, second, third and fourth quarters of the year respectively. The Producer Price Indices are grouped according to the International Standards of Industrial Classifications of All Economic Activities (ISIC) Rev 4. The overall producer prices decreased by 1.28 per cent in the second quarter of 2016 compared to a decrease of 1.85 per cent recorded in the first quarter of 2016. The ‘year on year’ PPI inflation rate, from June 2015 to June 2016 was 0.87 per cent. Download Producer Price Index (PPI) Second Quarter 2016..

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) expanded from 167.07 points in April 2016 to 167.99 points in May 2016.

The overall rate of inflation contracted from 5.27 per cent to 5.00 per cent during the same period. In May, 2016 the Kenyan Shilling appreciated against the US Dollar, the Euro, the South African Rand and the Uganda shilling while depreciating against the Sterling Pound and the Japanese Yen. The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, fell from 8.92 per cent in April 2016 to 8.15 per cent in May 2016 while the inter-bank rate fell to 3.61 in May 2016 from 3.92 per cent in April 2016. The Nairobi Securities Exchange (NSE) 20 share index contracted from 4,009 points in April 2016 to 3,868 points in May 2016, while the total number of shares traded decreased from 426 million shares to 384 million shares during the same period. The total value of NSE shares traded dropped from KSh 10.07 billion in April 2016 to KSh 9.72 billion in May 2016. Broad money supply (M3), a key indicator for monetary policy formulation rose from KSh 2,674.04 billion in April 2016 to KSh 2,703.49 billion in May 2016. Gross Foreign Exchange Reserves increased from KSh 991.42 billion in March 2016 to KSh 1,003.36 billion in April 2016. Net Foreign Exchange Reserves expanded from KSh 473.46 billion in March 2016 to KSh 492.02 billion in April 2016. Download Leading Economic Indicators May 2016…