According to the Consumer Price Indices and Inflation Rate for October 2024, Food and Non-Alcoholic Beverages sector saw a 4.3% annual increase,
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The CPI and inflation is generated from data collected through monthly survey of retail prices that targets a representative basket of household consumption goods and services.
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The CPI and inflation rates are generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption goods and services.
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The data collection is conducted in the second and third weeks of the month from a sample of outlets located in 50 data collection zones across the country.
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The inflation was largely due to an increase in prices of commodities under Transport (13.0%); Food and Non-alcoholic Beverages (8.6%); and Housing, Water, Electricity, Gas and other fuels (7.8%) between July 2022 and July 2023.
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