Kenya’s Inflation Rate Drops to a Six-Month Low
The inflation rate for November 2021 has dropped to a six-month low as a result of a decrease in food and non-alcoholic drinks prices
Kenya’s November inflation rate dropped to 5.8% from 6.45% in October. This is the lowest rate since April this year, occasioned by a decrease in food and non-alcoholic drinks prices.
The Housing, Water, Electricity, Gas, and Other Fuels’ Index, increased by 0.49% between October 2021 and November 2021.
The price of 50 kilowatts of electricity decreased by 0.39%, and that of 200 kilowatts decreased by 0.29%.
What it means for you
With the rise in inflation, the cost of goods and services becomes more expensive.
On the other hand, it means that your savings and investments should bring you higher rates of 5.8% to offset the effects of inflation on your money.
If you want to find out more, I wrote an article about the impact of inflation on your savings and investments.
Disclaimer: This article provides information and education for investors. Please do your research and consult your financial advisor before making any decisions.
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