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Cost of living out of reach for most Kenyans

by: Category: Agriculture, Banking & Finance, Construction, In Focus A+ / A-
Bulk of Kenyan households is yet to reap the benefits of El’ Nino rains experienced between November 2015 and January this year – as rising food prices continue to hurt most families.
 
The government on the other hand has not actively responded to the escalating prices of basic commodities, according to the director of Kenya Farmers Association (KFA) Kipkorir Arap Menjo.
 
“With some justification, this regime has not taken control of things to address food prices,” said Menjo, while responding to Kenya National Bureau of Statistics (KNBS) survey on Consumer Price Indices (CPI) and inflation rates for February, 2016.
 
Data released by KNBS last week showed that the country’s year-on-year inflation rate slowed to 6.84 per cent during the period from 7.78 per cent the previous month – which is a sharp contrast to the reality being faced by most households in the country today, particularly the urban poor – who still spend more to put food on the table.
 

Subscribe to The African Business Fortune portal as well as get a copy of  March 2016 Edition to get detailed information in this story 

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Cost of living out of reach for most Kenyans Reviewed by on . Bulk of Kenyan households is yet to reap the benefits of El’ Nino rains experienced between November 2015 and January this year – as rising food prices continue Bulk of Kenyan households is yet to reap the benefits of El’ Nino rains experienced between November 2015 and January this year – as rising food prices continue Rating: 0

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