Inflation Holds at 4.5% but Families Strain Under Food Prices

Kenya’s inflation rate held steady at 4.5% in August, offering relief from fears of runaway prices, according to the latest CPI...
✨ Key Highlights
Kenya's annual inflation rate remained at 4.5% in August, according to the Kenya National Bureau of Statistics (KNBS), easing fears of uncontrolled price increases. However, families continue to struggle with high food costs, particularly fresh vegetables, despite declines in energy prices.
- Food and non-alcoholic beverages, which account for nearly a third of household spending, increased by 8.3% over the year, adding 2.7 percentage points to the overall inflation rate.
- The Consumer Price Index (CPI) report was released by the Kenya National Bureau of Statistics (KNBS).
- While electricity and fuel prices decreased, passenger fares, such as a bus trip from Mombasa to Nairobi, rose sharply by 15.4% to KShs 1,500.
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Read the complete article from The Kenyan Wall Street