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

In Summary

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

The cost of living 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 slow down the impact of higher food prices.

The prices of electricity also eased 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 kept policy makers from raising interest rates further a time when foreign exchange volatility has become a source of worry.