KNBS director-general Zachary Mwangi. [Photo/NairobiNews]The Kenya National Bureau of Statistics (KNBS) has stated that the country's inflation fell to 5.72 percent in October from 7.06 percent in September. This has been attributed to drop in food prices.This is the lowest level the cost of living index has hit since June 2016 when it was captured at 5.8 per cent.KNBS director-general Zachary Mwangi said the cost of food and non-alcoholic drinks fell by an average of 1.78 percent thanks to favorable weather conditions.Compared to September an increase in rent, electricity and cooking fuel, however, pushed up the housing and utilities index by a marginal 0.47 percent.Mr. Mwangi said, “The higher cost of electricity was attributed to increase in the foreign exchange adjustment charges despite the fuel and other charges remaining constant.” In the month the transport index rose by 0.86 percent largely on a rise in petrol and diesel prices.
NATIONAL
Inflation drops to 5.72% in October
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