CBK Warns of Rise in Prices of Several Key Food Commodities

This comes even as the government plans to import more bags of commodities such as maize, with mixed expectations on the potential impacts of the El Niño rains...

✨ Key Highlights

The Central Bank of Kenya (CBK) has issued a warning that food prices could increase due to poor rainfall impacting the maize harvest and other crops. This is raising concerns about food supplies and inflation.

The CBK survey indicates that 56.9% of respondents expect inflation to rise next month, up from 47.9% in June, largely due to supply-side risks.
94% of respondents cited weather conditions as the primary factor affecting food prices.
While prices for some items like potatoes and traditional vegetables are expected to rise, forecasts suggest a decline for staple foods such as maize grain and maize flour.

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