Trending
- AIM Global Foundation pushes for stronger Gulf-Africa trade partnerships
- Investment opportunities in South Sudan’s emerging gold industry
- Family planning drive in Kenya gets 450,000 self-injectable contraceptive doses from UK
- AfDB commits $2 billion to revolutionise clean cooking in Africa, save forests
- The harsh realities of family laws for African women revealed
- Kenyan home buyers shift preferences, seek affordable housing despite market downturn
- How startup Yeeo is shaping the future of business contacts with eco-friendly innovation
- Stakeholders in Nairobi seek to unlock Kenya’s green jobs potential
Browsing: Consumer expenditure
- The increasing food prices have majorly occasioned the rise in consumer expenditure.
- In the review period, 50 per cent of the Kenyans polled indicated static income levels over the last year
- 53 per cent of Kenyans polled allocated less than 10 per cent of their income to travel and leisure expenditures.
The slight drop in inflation in Kenya has failed to soften the impact of Increased consumer spending after posting a 42 per cent rise in spending in the past six months. This is after a new survey showed that the country posted a six per cent rise in Kenyan expenditures compared to the preceding three months, which ended December 2023.
According to the latest spending index from ICEA LION Group, Kenyans’ spending escalated by 6 per cent from January to March this year. However, this growth was more subdued than the previous quarter, which witnessed a 36 per