Home Business Inflation hits 16-month high on costly food, fuel

Inflation hits 16-month high on costly food, fuel

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Business Daily | by Constant Munda


Kenya’s inflation rose to a 16-month high in June largely on the back of increased cost of basic foodstuffs and fuel, the Kenya National Bureau of Statistics (KNBS) report shows.

Inflation — a measure of changes in the cost of living year-on-year — climbed to 6.32 percent from 5.87 percent in May, signalling a painful cost pinch on…

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