Year-on-Year Inflation for December 2022 at 9.9 Percent
Annual inflation for December 2022 increased to 9.9 percent from 9.8 percent recorded in November, 2022. This means that on average, prices of goods and services increased by 9.9 percent between December 2021 and December 2022 (see Figure 2). This development was mainly attributed to movements in prices of non-food items.
Figure 2: Annual Inflation Rate, Dec 2021-Dec 2022 (%)
Annual Food and Non-Food Inflation
Annual food inflation for December 2022 was recorded at 11.9 percent compared to 12.1 percent in November 2022 (see Figure 3). This development was mainly attributed to Meats (Offal’s, Pork Chops, Goat Meat, Chicken Live, Frozen chicken); Fruits (Bananas, Apples, Pineapples, Mangoes, Water Melon); Vegetables (Sweet Potato Leaves-Kalembul, Cassava Leaves, Okra, Green Beans, Eggplant, Impwa, Maize cobs, Onion, Mushroom) and cooking oil.
The annual non-food inflation for December 2022 was recorded at 7.3 percent from 6.7 percent in November 2022. This outturn was mainly attributed to increases in prices of non-food items such as Fuels & lubricants (Diesel, Petrol, Lubricants) and Purchase of Motor cars (Toyota Hilux, Nissan ALMERA 1.5, Nissan Hardbody.
Figure 3: Annual Food and Non-Food Inflation, Dec 2021-Dec 2022 (%)