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Browsing: Exchange rate in Kenya
- Inflation in Kenya slightly increased to 6.9 per cent in January after declining for two consecutive months in November and December.
- Official statistics show that increases in food, energy, and transportation costs, which together account for about 57 per cent of household budgets, drove up inflation in Kenya.
- Between December 2023 and January 2024, the prices of Irish potatoes, carrots, oranges, and cabbages increased.
In January, inflation in Kenya increased marginally to 6.9 per cent, attributed to a rise in food prices. This comes after a consecutive decline in inflation for two months in November and December, easing below the statutory level to 7.3 per cent in July.
November recorded 6.8 per cent, decreasing to 6.6 per cent in December. The latest statistics from the Kenya National Bureau of Statistics (KNBS) indicate that consumers in Kenya will need to dig deeper into their pockets to buy basic food items.