Thursday, March 28, 2024

Tough Times Ahead as Inflation On Steep Rise

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By JULIUS SIGEI

Inflation might hit an all-time high of 11 per cent as a result of the prolonged drought earlier in the year, the Parliamentary Budget Office has warned, signalling tough times for Kenyans already reeling under high cost of living.

Last month, inflation reached a 19-month high of 6.58 per cent, eroding the purchasing power of consumers who now need an additional Sh658 to buy a basket of goods that last year cost Sh10,000…Read more>>

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