Inflation hits five-year high of 8.5pc on food, fuel price spike
A customer picks fruits at a supermarket in Nyeri. Inflation hit 8.5 per cent in August driven by a sharp increase in the cost of food adding pressure to the high cost of living on households.
It is the highest inflation rate in five years driven mainly by a sharp rise in the prices of food, fuel and cooking oil over the past 12 months.
The price of a kilogram of maize flour went up 4.7 per cent in August from July despite a month-long maize flour subsidy programme.
Sugar prices have also risen by 4.6 per cent for a 1kg packet over the past month.
Inflation hit 8.5 per cent in August driven by a sharp increase in the cost of food adding pressure to the high cost of living on households in new statistics released by the Kenya National Bureau of Statistics (KNBS).
It is the highest inflation rate in five years driven mainly by a sharp rise in the prices of food, fuel and cooking oil over the past 12 months.
