‘Inflation rate rose to 3.5 per cent in May’

11Jun 2019
Polycarp Machira
The Guardian
‘Inflation rate rose to 3.5 per cent in May’

THE annual headline inflation rate for the month of May, 2019 had rose to 3.5 per cent from 3.2 per cent recorded in April 2019, the National Bureau of Statistics (NBS) said yesterday.

Releasing the statistics yesterday, Director for Statistical Operations, Irenius Ruyobwa,said the increase of the headline inflation explains that the speed of price change of commodities for the year ended May,2019 has increased compared to speed of price change recorded in the previous year ended April,2019.

He said the overall index went up to 117.23 in May, 2019 from 113.24 recorded in May, 2018, adding that food and non alcoholic beverages inflation rate increased from 2.2 percent from 0.9 percent in April, 2019.

Annual inflation rate for food consumed at home and away from home for the month of May, 2019 increased to 3.9 percent from 2.7 percent recorded in April, 2019.

“On the other hand, the 12 months index change for non-food products in May, 2019 has decreased to 4.7 percent from 5.3 percent recorded in April, 2019” he said.

The annual inflation rate which excludes food and energy for the month of May,2019 has slightly decreased to 3.5 from 3.6 percent recorded in April, 2019.

On the same note, he said the consumer price index from April ,2019 to May 2019 has increased by 0.4 percent compared to an increase of 0.5 percent from March 2019 to April, 2019.

The overall index has increased to 117.23 in May ,2019 from 116.82 recorded in April,2019. “The increase in overall index is attributed to price increase for both food and non-food items” he added.

Some food items that contributed to such increase include maize flour by 1.9 percent,vegetables by 1.5 percent, beans by 2.3 percent, potatoes by 8.4 percent and fresh cassava by 8.2 percent.

On the other hand, non-food items that contributed to such an increase include refrigerators by 3.5 percent, kitchen and domestic utensils by 2.5 percent, petrol by 3.9 percent and maintenance and repairs of vehicles by 2.9 percent.

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