kenya inflation,kenya inflation rate Stories
Core inflation, which excludes food, fuel, and transport, stood at 2.0 per cent in January, slightly lower than the 2.2 per cent recorded in December.
Policymakers argue it is hard to attain price stability in the economy using monetary tools when the food and fuel components of inflation are include...
Attributing the slight dip to inflation, the Index says the sharp increase in input costs at the end of the year led private sector firms to raise sel...
The ongoing attacks and tensions have severely impacted the flow of goods through the Suez Canal, with the 7-day moving average of container traffic f...
A recent report by the International Labour Organisation (ILO), reveals that the real average wage growth has started to rise again as inflation progr...
This seasonal spike, along with increases in prices of some food commodities and power, pushed up the country's inflation rate to 3.0 per cent in Dece...
The group criticised the government's fiscal austerity measures, which they claimed were ineffective in addressing widespread corruption.
Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.
The revised fees come as part of a broader effort by the government to increase charges across various immigration and civil registration services.
The government might have to cut back on interest payments and funding for the transition, he added, unless a budget is passed in December.
Prices of sugar, maize flour-sifted and fortified maize flour rose by 5.3, 5.1 and 4.9 per cent, respectively, between October 2024 and November 2024.
Donald Trump's second-term policies could push the US dollar higher, igniting inflation and debt costs in developing nations. Several African states a...
The 2.7 per cent inflation rate is a substantial drop from 9.6 per cent in September 2022 and the lowest inflation rate since 2007, when President Mwa...
Food prices also rose by 1.1% compared with 2.6% in September. October food prices were 27.3% higher than they were a year earlier.
The prices of 50kwh and 200kwh of electricity increased by 0.3 per cent and 0.2 per cent, respectively.
Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.
The discussions at the IMF meeting underscore Kenya’s commitment to economic reform and resilience in the face of ongoing challenges.
Inflation expectations in the next month pointed towards a general decline in prices.
Consequently, ships destined for African countries such as Kenya have had to re-route through the Cape of Good Hope in South Africa, costing shippers...
The central bank is due to announce its next interest rate decision on Oct. 8.
