Year-on-Year Inflation for April 2023 at 10.2 Percent
Annual inflation for April 2023 increased to 10.2 percent from 9.9 percent recorded in March, 2023. This means that on average, prices of goods and services increased by 10.2 percent between April 2022 and April 2023 (see Figure 3). This development was mainly attributed to an increase in prices of selected non-food items.
Figure 1: Annual Inflation Rate, April 2022- April 2023 (%)
Annual Food and Non-Food Inflation
Annual food inflation for April 2023 was recorded at 11.6 percent compared to11.8 percent in the previous month (see Figure 4). This outturn was mainly attributed to price movements in Fish (Frozen fish, Buka buka, Fresh kapenta); Fruit (Lemon, Apple, Avocadoes, Groundnuts); Cooking oil and Live chicken.
The annual non-food inflation for April 2023 increased to 8.3 percent from 7.3 percent in March 2023. This outturn was mainly attributed to increases in prices of non-food items such as Household appliances (Refrigerator, Stove/cooker) and Purchase of Motor vehicles (Toyota Hilux, Nissan ALMERA 1.5 L Acenta MT, Nissan Pick (Nissan Hard body)).
Figure 2: Annual Food and Non-Food Inflation, April 2022-April 2023 (%)