Kenya National Bureau of Statistics hereby releases monthly the Consumer Price Indices (CPI) and rates of inflation for November, 2018. These numbers were generated from the survey of retail prices that targeted a basket of household consumption goods and services. The exercise was conducted during the second and third weeks of the month, with prices being obtained from selected retail outlets in 25 data collection zones in Nairobi and in 13 other urban centers.
The CPI decreased by 0.18 per cent from 192.60 in October 2018 to 192.25 in November 2018. The overall year on year inflation in November stood at 5.58 per cent. Consumer Price Indices and Inflation Rates for November 2018
This Abstract has been prepared by the Kenya National Bureau of Statistics. The tables have been compiled partly from statistics collected directly by the Bureau through Surveys and Censuses and also from statistics compiled by other Ministries, Departments and Agencies (MDAs) including county Governments. The source of the statistical data is shown under each table.
The Kenya National Bureau of Statistics is also responsible for the preparation of the Economic Survey and Leading Economic Indicators in which emphasis is placed on current statistics for which monthly and quarterly series are available. In addition, reports are published on the various regular and ad hoc statistical surveys undertaken by the Bureau.
Whereas these publications aim at providing statistical coverage of the important fields of economic, financial and social activity in Kenya, the published material may not meet detailed requirements of all users. Additional information, whenever available, will be supplied by the Bureau on request, although in certain circumstances, depending on the amount of work involved in extracting the required particulars, it may be necessary to make a charge. Statistical Abstract 2018
The Kenya National Bureau of Statistics is joining other statistical agencies in African to celebrate the African Statistics Day. This day is celebrated each year in Africa on 18th November to raise public awareness of the importance of statistics in all aspects of social and economic life. The theme of the Day this year “High-quality official statistics to ensure transparency, good governance and inclusive development” highlights the value of official statistics in addressing transparency, good governance and inclusive development.
Availability and appropriate use of good economic statistics can translate into better lives for people through providing evidence as a base for policy and decision-making by the nation or by firms, households, and citizens. Statistics provide information for monitoring, evaluation, and reporting of the progress in meeting the goals and targets of the Sustainable Development Goals (SDG), as well as a basis for effective economic governance to promote the welfare of a nation.
The importance of statistics in understanding and using economic information for planning and policy design cannot be overstressed. All key macroeconomic variables (national accounts, savings and investment, employment interest rates, inflation) and microeconomic (poverty, inequality, social outcome indicators, etc.) are based on statistics. For example, national accounts that measure the overall size and strength of the economy, as well as trends in production, consumption, investment, and savings amongst other variables or indicators. Income and wealth of the economy are the bases of the well-being of the individuals and households. When the economy is strong, there will be more opportunities for jobs and employment. Increased employment will elevate more people out of poverty and increase productivity as well.
Government provides public goods and services to citizens and intervene and influence the economy through fiscal policy. Government finance statistics show the amount and sources of government financial resources and how these resources are spent. A positive impact from public finance (revenues and spending) on the economy can return high growth in the economy, which brings in more tax revenues. Good government financial statistics help improve the transparency and good governance of the economy, and thus better the well-being of the people.
African Statistics Day was initiated in 1990 by the Joint African Conference of Planners, Statisticians and Demographers, which is a subsidiary body of the Economic Commission for Africa (ECA).