The Kenya Consumer Price Index and Inflation Report November 2024

Abstract

The year on year inflation rate as measured by the Consumer Price Index (CPI) eased to 2.7 per cent in October 2024. This means that the general price level was 2.7 per cent higher in October 2024 than it was in October 2023. The price increase was mainly driven by the rise in prices of commodities under Food and Non-Alcoholic Beverages (4.3%); and Housing, Water, Electricity, Gas and other fuels (0.4%) between October 2023 and October 2024. However the commodity prices in Transport sector declined by 1.3% between October 2023 and October 2024. These three divisions account for over 57 per cent of the weights of the 13 broad categories.