September inflation ticks up to 5.97pc

Money Markets

A fruit and vegetables market in Nyeri. Proposed laws aim to restrict sale of food items to markets. PHOTO | FILE 

By BD REPORTER

Posted  Wednesday, September 30  2015 at  14:29

In Summary

• The period also saw a slight drop in the cost of electricity helped by lower diesel costs and a stable exchange rate.

Inflation for the month of September rose slightly to stand at 5.97 per cent from 5.84 per cent in August on a marginal rise in food prices.

The month of September also saw a marginal drop in energy prices, water and rent helping to cancel the impact of higher food prices.

The period also saw a slight drop in the cost of electricity helped by lower diesel costs and a stable exchange rate.

“This was an aggregate result from increases in prices of several food items which slightly outweighed the decreases.”

The stable inflation numbers have helped policy makers to keep market prices in check and help contain foreign exchange volatility.