{"id":5721,"date":"2019-10-02T04:52:33","date_gmt":"2019-10-02T01:52:33","guid":{"rendered":"http:\/\/www.inversk.co.ke\/?p=5721"},"modified":"2019-10-02T00:59:44","modified_gmt":"2019-10-01T21:59:44","slug":"kenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019","status":"publish","type":"post","link":"https:\/\/www.kenyanenterprise.com\/sites\/news-team\/article\/kenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019\/","title":{"rendered":"Kenya&#8217;s Inflation Drops To 3.83% As Economic Growth Slows To 5.6% In Q2 2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-large\" style=\"float:left\"><div class=\"counts mashsbcount\">512<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-large mash-center mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.kenyanenterprise.com%2Fsites%2Fnews-team%2Farticle%2Fkenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Share<\/span><\/a><a class=\"mashicon-twitter mash-large mash-center mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.kenyanenterprise.com\/sites\/news-team\/article\/kenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019\/&amp;via=enterprise_ke\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Tweet<\/span><\/a><a class=\"mashicon-subscribe mash-large mash-center mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-large mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><div class=\"mashsb-toggle-container\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p style=\"background: white;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">Kenya\u2019s overall year-on-year inflation fell to 3.83% in September, from 5.0% in August, the Kenya National Bureau of Statistics (KNBS) has disclosed.<\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">However, the country\u2019s economy grew by 5.6% in the second quarter of this year, down from expanding 6.4% in the same period a year earlier, the statistics office said on Monday.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 18.75pt 0in;\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; color: #333333;\">In a report emailed from Nairobi on Monday, the national statistics body noted that <\/span><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; color: #404040;\">while a number of sectors posted impressive performances, the overall growth was curtailed mostly by a slowdown in activities of agriculture, manufacturing and transportation.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 18.75pt 0in;\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; color: #333333;\">&#8220;Agriculture&#8217;s performance, as well as that of electricity and water supply, was mostly hampered by a delay in the onset of the long rains. The transportation industry was negatively impacted on by rise in prices of fuel,&#8221; <\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; color: #333333;\">&#8220;On the other hand, accommodation and food services; information and communication; wholesale and retail trade; and construction industries maintained high growths and thereby supported the overall gross domestic product (GDP) growth,&#8221; the KNBS said.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 18.75pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">According to the statistics bureau, between August and September 2019, food and non-alcoholic drinks index decreased by 0.40 percent due to a drop-in price of some foodstuffs outweighing increases recorded in others.<\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">\u00a0 \u201cThe \u2018year on year\u2019 food inflation dropped from 7.13 percent in August 2019 to 6.31 per cent in September 2019,\u201d it said.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 18.75pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">In September 2019, prices of carrots, cabbages and tomatoes decreased by 9.80, 6.32 and 4.14 percent, respectively. <\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">The price of sugar registered a 24 per cent drop with a kilogram retailing at Sh106 last month from Sh140 last year. Irish potatoes, kales and onions similarly recorded significant drops in prices with a kilogram of each going down by 15, 18 and eight per cent respectively compared to retail prices recorded over a similar period last year. The Standard newspaper reported on Tuesday. <\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">\u00a0 Zachary Mwangi, KNBS director general observed that the agricultural sector is estimated to have grown by 4.1 percent compared to 6.5 percent in a similar period last year.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 18.75pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #333333;\">&#8220;The slowed growth was mainly attributed to delayed long rains that somewhat curtailed agricultural production. However, performance of the sector was supported by a 17.6 percent increase in the volume of cut flowers from 35,800 metric tons in the second quarter of 2018 to 42,100 metric tons in the review period,&#8221; Mwangi said.<\/span><\/p>\n<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-large\" style=\"float:left\"><div class=\"counts mashsbcount\">512<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-large mash-center mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.kenyanenterprise.com%2Fsites%2Fnews-team%2Farticle%2Fkenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Share<\/span><\/a><a class=\"mashicon-twitter mash-large mash-center mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.kenyanenterprise.com\/sites\/news-team\/article\/kenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019\/&amp;via=enterprise_ke\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Tweet<\/span><\/a><a class=\"mashicon-subscribe mash-large mash-center mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-large mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><div class=\"mashsb-toggle-container\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->","protected":false},"excerpt":{"rendered":"<p>Kenya\u2019s overall year-on-year inflation fell to 3.83% in September, from 5.0% in August, the Kenya National Bureau of Statistics (KNBS) has disclosed. However, the country\u2019s economy grew by 5.6% in the second quarter of this year, down from expanding 6.4% in the same period a year earlier, the statistics office said on Monday. In a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5722,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","sync_status":"","episode_type":"","audio_file":"","castos_file_data":"","podmotor_file_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[540,5,191,189],"tags":[51,173],"series":[],"episode_featured_image":"https:\/\/www.kenyanenterprise.com\/wp-content\/uploads\/2019\/10\/Kenya-Shillings-Economy.jpg","episode_player_image":"https:\/\/www.kenyanenterprise.com\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"}},"rssFeedUrl":"https:\/\/www.kenyanenterprise.com\/feed\/podcast\/default-podcast","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"4CimZhAQfL\"><a href=\"https:\/\/www.kenyanenterprise.com\/sites\/news-team\/article\/kenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019\/\">Kenya&#8217;s Inflation Drops To 3.83% As Economic Growth Slows To 5.6% In Q2 2019<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.kenyanenterprise.com\/sites\/news-team\/article\/kenyas-inflation-drops-to-3-83-as-economic-growth-slows-to-5-6-in-q2-2019\/embed\/#?secret=4CimZhAQfL\" width=\"500\" height=\"350\" title=\"&#8220;Kenya&#8217;s Inflation Drops To 3.83% As Economic Growth Slows To 5.6% In Q2 2019&#8221; &#8212; Kenyan Enterprise\" data-secret=\"4CimZhAQfL\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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