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    June Consumer Index

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    The overall annual inflation rate in June 2023 was 7.9%, a slight decline from 8% in May. The monthly inflation rate was 0.8%. Food and non-alcoholic beverages increased 10.3% over 12 months, while transport increased 9.4% and housing/utilities grew 9.4% over 12 months. Key commodities like sugar increased 58.1% and electricity rose 53.4% annually.

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    June Consumer Index

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    The overall annual inflation rate in June 2023 was 7.9%, a slight decline from 8% in May. The monthly inflation rate was 0.8%. Food and non-alcoholic beverages increased 10.3% over 12 months, while transport increased 9.4% and housing/utilities grew 9.4% over 12 months. Key commodities like sugar increased 58.1% and electricity rose 53.4% annually.

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    June Consumer index

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    The overall annual inflation rate in June 2023 was 7.9%, a slight decline from 8% in May. The monthly inflation rate was 0.8%. Food and non-alcoholic beverages increased 10.3% over 12 months, while transport increased 9.4% and housing/utilities grew 9.4% over 12 months. Key commodities like sugar increased 58.1% and electricity rose 53.4% annually.

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    © All Rights Reserved
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    7 views4 pages

    June Consumer Index

    Uploaded by

    Freelancer
    The overall annual inflation rate in June 2023 was 7.9%, a slight decline from 8% in May. The monthly inflation rate was 0.8%. Food and non-alcoholic beverages increased 10.3% over 12 months, while transport increased 9.4% and housing/utilities grew 9.4% over 12 months. Key commodities like sugar increased 58.1% and electricity rose 53.4% annually.

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    of 4

    Highlights of June 2023 Consumer Price Index (CPI)

    Overall year-on-year (annual) inflation rate as measured by the Consumer Price Index (CPI) was
    7.9 per cent, in June 2023; a slight decline from an inflation rate of 8.0 per cent recorded in May
    2023. Monthly inflation rate in June 2023 was 0.8 per cent.
    The rise in annual inflation was mainly due to an increase in prices of commodities under the
    following Classification of Individual Consumption by Purpose (COICOP) divisions;

    Food and Non-Alcoholic Beverages


    Index increased by 10.3 per cent in
    the last 12 months (June 2022 - June
    2023).

    Transport Index increased by 9.4 per


    cent in the last 12 months.

    Housing, Water, Electricity, Gas and


    Other Fuels Index increased by 9.4 per
    cent in the last 12 months.

    Furnishings, Household Equipment


    and Routine Household Maintenance
    Index increased by 5.1 per cent in the
    last 12 months.

    Consumer Price Index (CPI) is a key macroeconomic indicator used to monitor price movements
    and how they affect policy decisions. It is defined as a measure of the weighted aggregate change
    in retail prices paid by consumers for a given basket of goods and services. Year-on-year inflation
    is used mainly for economic decision making as current situation is compared to previous year
    situation, same period. Inflation rate is defined as a percentage change of the CPI between two
    periods.
    Collection of retail prices for the compilation of the CPI is usually conducted during the second
    and third weeks of every month. Prices of different commodities are collected from selected retail
    outlets located in 50 data collection zones. Out of the 50 data collection zones, 14 are located in
    Nairobi City County while 36 are located in other urban areas. Nairobi zones cover outlets in lower
    income, middle income and upper income areas.

    30th June, 2023


    Overall Consumer Price Index
    134.01
    133.01
    131.83
    131.18
    130.13
    128.99 129.29
    127.86 128.31
    126.73
    125.05 125.58
    124.22

    Figure 1: Overall Consumer Price Index, June 2022 – June 2023

    Annual Inflation Rate (% )


    9.6 9.5
    9.2 9.1 9.2 9.2
    9.0
    8.5
    8.3
    7.9 7.9 8.0 7.9

    Figure 2: Annual Inflation Rate (%), June 2022 – June 2023

    Kenya Urban CPI was rebased in February 2019 using the weights derived from 2015/16 Kenya
    Integrated Household Budget Survey (KIHBS) data, which was conducted from September 2015
    to August 2016. Current Kenya Urban CPI adopts 2018 Classification of Individual Consumption
    by Purpose (COICOP) categorization. Under the current CPI, Kenya has a total of 330 Elementary
    Aggregates (EAs) and in each EA, there are items/products for which prices are collected.
    Lower level indices in particular Elementary Aggregate Indices are computed using Jevons
    (geometric mean) method whereas higher level indices are computed using the modified Laspeyres
    index formula where short term price relatives are used.
    30th June, 2023
    Changes in average retail prices of selected commodities in the last one month

    Change Over Last Month Change Over Last Month


    Commodity Name (May 2023 - June 2023) Commodity Name (May 2023 - June 2023)

    FOOD ITEMS

    Carrots ( 1 Kg) 9.0% Sugar (1 Kg) 5.4%

    7.3% 0.3%
    Onions (1 Kg) Cabbages (1 Kg)

    6.4% 2.7%
    Tomatoes (1 Kg) Kale - Sukuma Wiki (1 Kg)

    5.5% 4.6%
    Maize Grain - Loose (1 Kg) Avocados (1 Kg)

    5.5% 6.1%
    Fortified Maize Flour (2 Kgs) Potatoes (1 Kg)

    NON-FOOD ITEMS

    4.2% 0.4%
    Electricity (200 Kilowatts) Petrol (1 Litre)

    0.7%
    Kerosene/Paraffin (1 Litre) 0.2% Diesel (1 Litre)

    Monthly House Rent - One 1.8%


    0.1% Cooking Gas/LPG (13 Kgs)
    Bedroom

    For more information please visit www.knbs.or.ke or contact:


    Kenya National Bureau of Statistics; Real Towers, Upper Hill; P.O. Box 30266 - 00100 Nairobi,
    Kenya; Tel: +254-20-3317583 / +254-20-3317612 / +254-20-3317586; Email: [email protected] /
    [email protected]; Facebook: @Kenya National Bureau of Statistics (KNBStats)
    Twitter: @KNBStats
    30th June, 2023
    Changes in average retail prices of selected commodities in the last one year

    Change Over Last Year Change Over Last Year


    Commodity Name (June 2022 - June 2023) Commodity Name (June 2022 - June 2023)

    FOOD ITEMS

    Sugar (1 Kg) 58.1% Fortified Maize Flour (2 Kgs) 14.5%

    30.7% 5.8%
    Maize Grain - Loose (1 Kg) Avocados (1 Kg)

    30.2% 3.7%
    Carrots (1 Kg) Onions (1 Kg)

    19.5% 0.5%
    Potatoes (1 Kg) Tomatoes (1 Kg)

    17.1% 2.3%
    Cabbages (1 Kg) Kale - Sukuma Wiki (1 Kg)

    NON-FOOD ITEMS

    53.4% 14.2%
    Electricity (200 Kilowatts) Petrol (1 Litre)

    Monthly House Rent - One


    Kerosene/Paraffin (1 Litre) 25.9% 1.9%
    Bedroom

    19.2% 4.6%
    Diesel (1 Litre) Cooking Gas/LPG (13 Kgs)

    For more information please visit www.knbs.or.ke or contact:


    Kenya National Bureau of Statistics; Real Towers, Upper Hill; P.O. Box 30266 - 00100 Nairobi,
    Kenya; Tel: +254-20-3317583 / +254-20-3317612 / +254-20-3317586; Email: [email protected] /
    [email protected]; Facebook: @Kenya National Bureau of Statistics (KNBStats)
    Twitter: @KNBStats
    30th June, 2023

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