The Kenya Consumer Price Index and Inflation Report October 2023

Abstract

The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.9 per cent, in October 2023. During the reference month, all sectors continued to show price rises. Prices of commodities under Transport (13.6%); Housing, Water, Electricity, Gas and Other fuels (7.8%); and Food and Non-alcoholic Beverages (7.8%) between October 2022 and October 2023. "These three divisions account for over 57 per cent Of the weights of the 13 broad categories.'The CPI and inflation is generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption goods and services. The data collection is conducted in the second and third weeks of the month from a sample of outlets located in 50 data collection zones across the country.