twitter RSS Feed linkedin acp contact

Kenya's food price inflation vaults higher in August

According to the latest report from the Kenya National Bureau of Statistics (KNBS), consumer price index (CPI) inflation rose by 6.6% y-o-y in August, basically unchanged from the revised figure for July (6.4% y-o-y previously)

Kenya food priceThe analysis has further revealed that the demand is estimated to return to pre pandemic (2019) levels by 2025. (Image source: Adobe Stock)

On a m-o-m basis, consumer prices were up by 0.2%, similar to the month before. 

A breakdown of the main consumer price basket items shows that the food and non-alcoholic beverages sub-index rose by 1.8 ppts to reach 10.7% y-o-y in August. However, this increase was offset by price decreases in other large sub-indices. Specifically, a reduction in national bus fares contributed to a 0.3% m-o-m decline in transport inflation. On an annual basis, the transport index slowed for a fifth consecutive session, coming in at 7.9% in August. Accommodation & restaurants services inflation dropped by 1.5 ppts to reach 3.0% y-o-y as the hospitality industry remains in the doldrums.

Consumer price inflation rose gradually in August, and is expected to see an acceleration in the coming months. It is expected for CPI inflation to remain stable at an average annual rate of around 6% in 2021, which is higher than the 5.3% recorded in 2020. Turning to the Central Bank of Kenya’s next policy meeting, slated for September 28, it is believed that monetary authorities will keep a steady hand and maintain the interest rate at 7%. Although CPI inflation has drifted closer towards the upper bound of the apex bank’s target range of 2.5% to 7.5%, inflation is forecast at 6.7% y-o-y in Q3 and likely to moderate in the final quarter of the year.


LATEST NEWS IN Agriculture

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

Better Cotton signs partnership agreement with IDH and CotonChad

Better Cotton signs partnership agreemen…

Better Cotton recently signed a multi-stakeholder Letter of Intent to participate in the landscape approach, developed with local stakeholders in Chad in conjunction with IDH, intending to work towards improving...

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

AfDB grants US$63.38mn loan to implement agro-processing project in Senegal

AfDB grants US$63.38mn loan to implement…

The board of directors of the African Development Bank (AfDB) Group in Abidjan has approved a loan of US$63.38mn to Senegal to implement the Agropole-Centre agro-industrial processing zone project

Farming innovations which help conserve nature and create jobs

Farming innovations which help conserve …

On World Food Day, farmers in the UK and globally showed how innovative farming methods and techniques can improve lives, help meet global climate targets and produce food without harming...

US$20.5mn renewable energy agriculture project launched in Ethiopia

US$20.5mn renewable energy agriculture p…

On 12 October, the Distributed Renewable Energy - Agriculture Modalities (DREAM) initiative began with the launch of nine renewable energy mini-grids and irrigation systems across Ethiopia

Prev Next

OTHER RELATED ARTICLES - Agriculture

EU provides US$16mn support to improve Ethiopia’s coffee sector

EU provides US$16mn support to improve E…

The European Union (EU) has provided US$16.5mn to support the competitiveness of Ethiopia’s coffee sector

Global agriculture analytics market to grow at a CAGR of 16.2 per cent

Global agriculture analytics market to g…

The global agriculture analytics market size is expected to grow from US$585mn in 2018 to US$1,236mn by 2023 at a compound annual growth rate (CAGR) of 16.2 per cent, according...

‘Blockchain could prevent global civil unrest set-off by commodity volatility’

‘Blockchain could prevent global civil u…

Implementing technology like blockchain could prevent global civil unrest set-off by volatile commodity prices, according to blockchain business UWIN (Unleashing the Wealth in Nations)

Tanzania to boost coffee production

Tanzania to boost coffee production

The Bukoba District Council is seeking to roll out a pilot project in seven villages across Tanzania aiming to increase coffee production in the country

IFC, Madagascar to develop insurance to protect smallholder farmers

IFC, Madagascar to develop insurance to …

The IFC and the Madagascar government have announced an agricultural insurance programme to assist Madagascar's farmers in building stronger climate resilience, increasing productivity, and gaining easier access to financial services

Higher yield and increased capacity with double rows

Higher yield and increased capacity with…

Pöttinger has launched its new Duplex Seed drill that plants seeds in double rows and is reported to lead to increase in yields

DuPont Pioneer and USAID to increase maize productivity in Ghana

DuPont Pioneer and USAID to increase mai…

DuPont Pioneer and United States Agency for International Development (USAID) has launched the Ghana Advanced Maize Seed Adoption Programme (GAMSAP) to boost production among smallholder farmers in Ghana

New UN programme to benefit livelihoods of thousands of farmers in South Sudan

New UN programme to benefit livelihoods …

The livelihoods of an estimated 30,000 vulnerable farmers in South Sudan are set to improve, following the rolling out of a new UN programme

Investment in food and agriculture to unlock development agenda

Investment in food and agriculture to un…

Major stakeholders in Ghana stressed the need for comprehensive and coherent national policy framework to create an enabling environment for sustainable agribusiness development

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Ivan Meyer calls on companies to support farm workers

Ivan Meyer calls on companies to support…

Ivan Meyer calls on retail companies who benefitted from Black Friday to support the farmers and farm workers

Tanzanian company to host training on pest control for farmers

Tanzanian company to host training on pe…

Tanzania-based Agripro Tanzania Limited has announced it will create a training programme on better farming methods to farmers in five Tanzanian regions starting in October 2013 

Prev Next