[LIST] 8 Food Items Whose Prices Sky-Rocketed In November

[LIST] 8 Food Items Whose Prices Sky-Rocketed In November

The Kenya National Bureau of Statistics (KNBS) has identified cooking oil as one of the goods whose prices increased between October and November of this year.

In its most recent survey report, issued on Friday, November 29, KNBS named sugar, maize flour, tomatoes, maize grains, international flight tickets, housing rent, and wheat flour as goods whose prices increased significantly in November.

KNBS reported that the prices of sifted and fortified maize flour jumped by 5.1% and 4.9%, respectively.

Additionally, the costs of cooking oil, tomatoes, maize grain, and monthly housing rent increased by 3.1%, 2.6%, 1.4%, and 1.1%, respectively.

According to KNBS, the rise in prices of the aforementioned items contributed to an increase in the inflation rate from 2.8% in November to 2.7% in October.

“Overall annual inflation rate as measured by the Consumer Price Index (CPI) was 2.8 percent, in November 2024; a slight increase from an inflation rate of 2.7 percent recorded in October 2024. The month-to-month inflation rate was 0.3 percent in November 2024,” KNBS revealed in its monthly report.

Year-on-year #Inflation for #Kenya measured by the #CPI is 2.8% for November 2024 @Planning_Ke @KeTreasury @KenyaGovernors @CBKKenya @KRACorporate @KIPPRAKENYA @FKEKenya @jumuiya https://t.co/AIxuCPupLy https://t.co/4oj3EBGEIL pic.twitter.com/D7ytAseeQW

— KNBStats (@KNBStats) November 29, 2024

“The annual inflation was mainly due to an increase in prices of commodities under the Classification of Individual Consumption by Purpose (COICOP) divisions,” the report further read.

Furthermore, the Bureau of Statistics indicated that eight products experienced considerable price drops. Among the items whose prices fell in November were electricity, fresh milk, carrots, cabbages, onions, potatoes, and cooking gas.

The prices of 200 watts and 50 watts of electricity fell by 0.3%, while the prices of fresh milk, carrots, and cabbage fell by 2%, 2.44%, and 2.6%, respectively.

Similarly, costs for onions, potatoes, and cooking gas fell by 2.7%, 2.8%, and 1.1%, respectively.

The move comes just a month after KNBS declared a significant drop in inflation from 3.6% to 2.7% as prices for several food staples fell.

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The latest declaration follows the Central Bank of Kenya’s (CBK) advice on the possible rise in commodity prices between October and November of this year.

The CBK ascribed the surge in food commodities in October and November to the country’s recent short rains.

According to the regulator, the brief rains would significantly reduce food output in the country.

Another reason for the surge in food prices was the increase in global energy prices caused by the ongoing war in the Middle East.

[LIST] 8 Food Items Whose Prices Sky-Rocketed In November