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Kenya's inflation rate soars to 10.28 pct in March

Xinhua, March 31, 2017 Adjust font size:

Kenya's overall year-on-year inflation rose to 10.28 percent in March from 9.04 percent in February driven by increases in several food items due to prevailing drought conditions, the statistics bureau said on Friday.

Food and non-alcoholic beverages, which account for 36 percent weighting in the calculation of Consumer Price Indices, saw the most marked year-on-year growth in prices of 18.56 percent, followed by transport, which grew 4.89 percent.

On a monthly basis, inflation rose 1.67 percent in March compared to the previous month, according to data released by the Kenya National Bureau of Statistics (KNBS).

Between February and March, Food and non-alcoholic drinks' index increased by 3.18 percent. This, the bureau said, was mainly attributed to increases in prices of several food items including spinach, maize flour, milk, potatoes, and maize grain.

"This increase in food prices was partly contributed by prevailing drought conditions," the bureau said in a statement issued in Nairobi.

The prices were obtained from selected retail outlets in 25 data collection zones located in Nairobi and 13 other urban centres. Endit