Consumer Price Index (CPI) rose from 140.29 points in August 2013 to 142.82 points in September 2013. The overall rate of inflation increased from 6.67 per cent to 8.29 per cent during the period. The Kenyan shilling depreciated against all major currencies except the US dollar and Japanese Yen exchanging at an average of KSh 87.41, KSh 138.54, KSh 116.67, KSh 88.14, KSh 8.77, KSh 29.41 and KSh 18.48 against the US dollar, sterling pound, Euro, Japanese Yen, South African rand, the Ugandan and Tanzanian shilling respectively, as at the end of September 2013.- The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, decreased from 10.03 per cent in August 2013 to 9.58 in September 2013. The inter-bank rates declined from 8.96 per cent to 7.82 per cent during the period. The Nairobi Securities Exchange share index (NSE 20) went up from 4698 points in August 2013 to 4793 points in September 2013, while the total number of shares traded decreased from 670 to 489 million shares during the same period. The total value of NSE shares traded dropped from KSh 20.8 billion to KSh 10.1 billion. Broad money supply (M3), a key indicator for monetary policy formulation, increased from KSh 1,850.0 billion in August 2013 to 1,862.0 billion in September 2013. Money and Quasi-money (M2) expanded from KSh 1,575.2 billion to KSh 1,593.4 billion over the same period. Gross Foreign Exchange Reserves increased from KSh 684.6 billion in August to KSh 695.2 billion in September 2013. Net Foreign Exchange Reserves decreased to KSh 374.5 billion over the same period.
Leading Economic Indicators September 2013
