Rate of inflation rises to 8.36pc in August

The rate of inflation soared to 8.36 per cent in August 2014. FILE PHOTO | NATION MEDIA GROUP

The rate of inflation rose to 8.36 per cent in August 2014, driven by an increase in food prices, house rents and transport costs.

In July, the inflation rate stood at 7.67 per cent.

"Between July and August 2014, food and non-alcoholic drinks' index increased by 1.75 per cent. This aggregate rise in rate of food inflation came as a result of observed increases in the prices of several food commodities.

"Over the same period, housing, water, electricity, gas and other fuels' index increased by 0.32 per cent. This was due to increase in the cost of main cooking fuels as well as house rents," said Mr Zachary Mwangi, the acting director-general of Kenya National Bureau of Statistics.