ECONOMIC INDICATORS
(A) Inflation
The overall year on year inflation edged 3.0% in December 2024 from 2.8% in November. This was primarily driven by higher food, electricity and transport prices. The food and non-alcoholic beverages index increased by 0.7%, driven by higher food prices. The housing, water, electricity, gas and other fuels index increased by 0.2%, mainly due to increase in electricity prices. Additionally, despite the decrease in diesel and petrol prices, the transport index increased by 1.8% mainly due to elevated bus/matatu fares.
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