Search Results: fuel prices (273)

Kenya’s November inflation eased to 9.50%, down from a five-year high of 9.60% in October 2022, on reduced prices of…

This will bring the amount received from the facility to a total of USD 1.6 billion (Kshs 199.7 billion).

The last time Kenya witnessed this kind of inflation was in June 2017, when it hit 9.21 per cent.

Costly sugar comes at a time when the country’s sugar production in August dipped 34 per cent compared to the previous month, attributed to immature canes.

Expectations at Kenyan firms for the next 12 months remained one of the worst on record, with just 12% of panellists predicting output to expand.

Since June 2022, Kenya’s headline inflation has trended above the 7.50% upper band statutory target owing to
elevated food and fuel costs. The inflation hit 8.5% in August from 8.3% in July.