Overall Monthly Inflation Rate at 1.0 Percent
The overall monthly inflation for December 2023 was recorded at 1.0 percent from 0.9 percent recorded in the previous month. This outturn was mainly attributed to price movements in selected food items (see Figure 4).
Figure 4: Overall Monthly Inflation, December 2022- December 2023
Monthly Inflation Rates for Food and Non-Food
Monthly food inflation rate for December 2023 was recorded at 1.0 percent compared with 0.9 percent recorded in November 2023. This development was mainly attributed to general price movements for Meats (Fillet Steak, Rump Steak, Brisket, Mixed Cut, T-bone, Mince Meat, Ox-liver, Goat Meat, Chicken Frozen, Chicken Live) and Vegetables (Rape, Okra, Cabbage).
Monthly non-food inflation rate for December 2023 was recorded at 0.9 percent same as recorded in November 2023. This means on average prices of non-food items increased by 0.9
percent between November 2023 and December 2023. This was mainly attributed to increases in prices of non-food items such as Pharmaceutical products (Medix cough syrup, Kaolin/Anti Diarrhea, Magnesium Trisilicate, Throat lozenges (Vicks Kingo), Eye ointment (Tetracycline) and Purchase of vehicles (Toyota Hilux, Toyota corolla, Nissan Hardbody).
Overall Monthly Inflation Rate for Food and Non-Food Items, December 2022- December 2023 (%)
Read more>>Vol 249 of 2023 The Monthly December
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