Overall Monthly Inflation Rate Increased to 1.9 Percent

The overall monthly inflation for February 2023 was recorded at 1.9 percent compared with 2.1 percent in the previous month. This outturn was mainly attributed to price decreases in selected food items (see Figure 3).

Figure 3: Overall Monthly Inflation, February 2022-February 2023

Monthly Inflation Rates for Food and Non-Food Items, February 2022-February 2023

Monthly food inflation for February 2023 was recorded at 2.0 percent, a fall from 2.8 percent in January 2023. This development was mainly attributed to general price movements for Milk Products (Fresh Milk, Sour Milk, and Powdered Milk); Fruits (Lemons, Avocadoes, Bananas); Vegetables (Mushrooms, Pumpkin Leaves, Sweet Potato Leaves, Green Beans, Cucumbers, Carrots).

Monthly non-food inflation for February 2023 was recorded at 1.9 percent an increase from 1.1 percent recorded in January 2023. This outturn was mainly attributed to increases in prices of items such as Fuels & lubricants (Diesel, Petrol, Lubricants); Purchase of motor vehicles and Charcoal (see Table 5).

Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, Feb 2022-Feb 2023 (%)

	Weight:	Feb- 2022	Mar- 2022	Apr- 2022	May- 2022	Jun- 2022	Jul- 2022	Aug- 2022	Sep- 2022	Oct- 2022	Nov- 2022	Dec- 2022	Jan- 2023	Feb- 2023
Total	1,000.00	1.7	0.8	0.7	0.8	0.9	0.4	0.3	-0.4	0.2	0.7	0.8	2.1	1.9
Food	534.85	1.9	0.9	1.1	0.9	1.2	0.3	0.4	-0.2	0.4	0.9	0.5	2.8	2.0
Non- Food	465.15	1.5	0.6	0.1	0.8	0.6	0.7	0.1	-0.6	-0.2	0.5	1.1	1.1	1.9