KSH: food prices rose by 3.5 percent in September, and by 35.2 percent in one year

By: Trademagazin Date: 2022. 10. 11. 13:05

In September, consumer prices were on average 20.1 percent higher than a year earlier. In the past year, the prices of household energy and food have risen the most, the latter by 35.2 percent, the Central Statistics Office (KSH) reported on Tuesday.

The price of bread increased the most, by 76.2 percent

Consumer prices increased by an average of 4.1 percent in one month. The consensus of analysts polled by Portfolio indicated 20.0 percent inflation for September. The overall inflation index rose by 4.5 percentage points, which is equivalent to the August annual index, and the annual core inflation and the harmonized price index calculated using the EU methodology showed an increase of 20.7 percent, which is 1.7 and 2.1 percentage points higher than the previous month, respectively. Inflation calculated for the retired consumer basket was 21.9 percent, an increase of 6.2 percentage points compared to August.

As a result of the amendment to the utility reduction rules effective from August 1, household energy rose in price by 59.2 percent on average in one month and 62.1 percent in one year. Within this, the price of piped gas increased by 121.0 percent, and that of electricity by 28.9 percent. The price of bottled gas increased by 45.0 percent, and that of firewood by 43.8 percent.

Food prices rose by 3.5 percent in September and by 35.2 percent in one year, which is a 4.3 percent faster annual increase than in August. Within this, the most common are bread with 76.2 percent, cheese with 68.0 percent, dairy products and butter and butter cream with 66.3 percent, margarine with 61.2 percent, dry pasta with 60.2 percent, and eggs with 53.7 percent. became more expensive. Poultry meat costs 42.9 percent more than last September, the price of potatoes became 39.0 percent more expensive.

The price of pork rose below average by 22.4 percent, chocolate and cocoa by 19.1 percent, sugar by 10.9 percent, and cooking oil by 5.0 percent. Alcoholic beverages and tobacco products rose in price by an average of 13.2, of which alcoholic beverages by 16.5 percent and tobacco products by 11.1 percent.

KSH