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These kip notes have gained slightly in value.
Inflation rate dips to 7.7 percent in October
Inflation edged down to 7.7 percent in October compared to 7.8 percent in September, but rising electricity, fuel and food prices continue to put pressure on household budgets.
According to data released by the National Statistics Centre this week, the slight decline in inflation does not mean that the cost of living has fallen, as the prices of many goods and services are higher than a year ago.
Housing, water, electricity and cooking fuel recorded the highest price increases, rising by 29.6 percent year-on-year.
Education costs increased by 16 percent, followed by transportation and entertainment at 13 percent, health and medicine at 10.3 percent, rice and tobacco at 9.2 percent, and restaurants and hotels at 8.4 percent.
Higher prices for electricity, fuel, beef, poultry, fish and seasonal produce were among the main factors driving inflation in October.
Compared with the same month last year, electricity prices were up by 28 percent and fuel prices surged by 67.1 percent. The price of beef increased by 3.8 percent, chicken by 6.6 percent, and fish by 2.4 percent.
Meanwhile, the price of bananas rose by 15.4 percent, mangoes by 7.3 percent, onions by 6.3 percent, and lettuce by 6 percent.