Browsing: fuel prices in Kenya

• The prices of key food commodities influenced Kenya’s Inflation drop.
• KNBS says the food and non-alcoholic beverage index, which represents 32.9 per cent of inflation measurement, dropped by 0.1 per cent.
• KNBS data adds that housing, water, electricity, gas, and other fuels’ index dropped by 1.3 per cent

Kenya’s inflation dropped to a record 24-month low in April, hitting five per cent, according to the latest data from the Kenya National Bureau of Statistics, as prices of key food commodities continued to fall.

This is the third month in a row that the index has dropped, from 6.9 per cent in January to 6.3 per cent in February 5.7 per cent in March, and now five per cent last month. (https://hummingbirddental.ca/)   The continued drop comes despite some price rises on some indices.

Major contributors to April’s year-on-year price rises included transport, food and non-alcoholic beverages, housing, water, electricity, …

• Experts have projected that Kenya’s cost of living will rise as fuel prices continue to increase 
• Cytonn Investments said that fuel is a major contributor to Kenya’s headline inflation and fuel prices are a major input cost in most of Kenya’s sectors.
• The experts noted that the business environment is expected to deteriorate even further as consumers are likely to cut spending

Economic experts have projected that Kenya’s cost of living will remain high following the recent hike in fuel prices in the East African nation.

In their latest report, experts from Cytonn Investments said that fuel is a major contributor to Kenya’s headline inflation and fuel prices are a major input cost in most of Kenya’s sectors. The sectors include manufacturing, transport, and energy.

Further, the experts noted that the business environment is expected to deteriorate even further as consumers are likely to cut spending.

The report came days …