Annual Inflation Rate at 21,5%, Monthly Rate Down

Consumer prices were 21.5% higher on average in May 2023 than a year earlier, MTI has quoted official figures published by the Central Statistical Office (KSH). In one month, consumer prices decreased by 0.4% on average.

The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months, KSH reported.

In 12 months, compared to May 2022:
A price rise of 33.5% was recorded for food, within which the highest ones for the following: 59.6% for other confectionery products, 52.7% for bread, 51.3% for milk products, 46.8% for butter, 46.1% for eggs, 37.4% for pasta products, 36.6% for rolls, 34.9% for milk and 33.7% for cheese. The lowest price increases within the product group were observed for flour (7.2%) and edible oil (3.5%).
Electricity, gas and other fuels became 37.2%, within which natural and manufactured gas 49.1%, butane and propane gas 47.2% and electricity 27.2% more expensive. Alcoholic beverage and tobacco prices were up by 19.3% on average, within which alcoholic beverage prices by 25.8%.
Consumers paid 8.1% more for consumer durables, within which 17.0% more for new passenger cars, 16.1% more for kitchen and other furniture, 14.5% more for heating and cooking appliances and 12.1% more for living and dining room furniture.
Pet food prices became 51.7%, the price of detergents 37.1%, that of toilet articles 25.9% and household repair and maintenance goods prices 16.4% higher. Motor fuels became 17.7% more expensive.
Service charges rose by 14.3%, within which motorway use, renting a car and parking cost 28.0%, other public entertainment tickets 27.1%, recreation in the country 26.8%, the repair and maintenance of vehicles 23.1%, a taxi 22.2% and the repair and maintenance of dwellings 19.8% more for consumers.

In one month, compared to April 2023:
Consumer prices decreased by 0.4% on average. Food prices rose by 0.1% on average. Within this, other meat preparations cost 0.9% and seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits altogether) 0.4% more, while cheese 2.3%, rice 1.7%, butter 1.3%, rolls 1.3%, milk 0.9% and poultry meat 0.6% less for consumers.
The price of electricity, gas and other fuels was reduced by 3.0%, within which 6.4% less was paid for natural and manufactured gas (Press release). Motor fuels became 6.6% cheaper. The price of detergents became 1.0% and that of toilet articles 0.7% higher and pet food prices 2.6% lower.
Services became 0.9% more expensive, within which 2.0% more was paid for recreation in the country, and the maintenance costs of private houses were up by 1.4% and rents by 1.2%, while 21.7% less was paid for travel to work or school.