Kenyans Cut Down on Household Spending as Fuel and Transport Costs Soar - Report
There has been largely a declining sales and reduced customer spending as inflation continues to squeeze household and business budgets...
✨ Key Highlights
Kenyans significantly reduced household spending in May as rising inflation forced businesses to increase prices, according to the latest Stanbic Bank Purchasing Managers’ Index (PMI) report.
- The headline PMI fell to 46.6 in May, indicating the fastest decline in private sector health since July 2024.
- Economist Christopher Legilisho highlighted consumer caution due to higher food, fuel, and transport costs.
- Businesses raised prices at the fastest rate in two-and-a-half years to counter climbing input costs.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
KRA Reveals Billions Lost After Fuel Tax Cut Directives - June 2026
The Kenya Revenue Authority has reported a significant tax revenue loss of Ksh9.1 billion following the government decision to halve the Value Added Tax on fuel. Kenyans significantly reduced household spending in May as rising inflation forced businesses to increase prices, according to the latest Stanbic Bank Purchasing Managers Index report. The Kenya Bankers Association is urging the Central Bank of Kenya to increase the Central Bank Rate at its upcoming MPC meeting on June 9, 2026, to combat rising inflation, which could lead to more expensive loans for borrowers.
