Kenya poised for sustained decline in inflation

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Economy أخبار

Kenya,Inflation,Fuel Prices

Kenya is experiencing a consecutive four-month downturn in fuel and food prices, leading to a sustained decline in inflation. The reduction in fuel prices by the Energy and Petroleum Regulatory Authority, along with a decrease in food prices, offers relief to consumers struggling with the high cost of living.

Kenya is poised for a sustained decline in inflation, propelled by a consecutive four-month downturn in fuel and food prices alongside a robust shilling, offering respite to consumers grappling with a soaring cost of living.

The dip in fuel costs coincides with a notable decrease in other commodities, mainly food, over recent months. Data from the Kenya National Bureau of Statistics on consumer retail prices reveals a downtrend in inflation to 5.7 percent in March from 6.7 percent a month earlier, mirroring the downward trajectory of food prices.

 

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