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Food prices hit 13-month high as overall inflation stays in double digits

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Food prices hit 13-month high as overall inflation stays in double digits

 

 

The State’s efforts at taming the cost of living seem to have borne little fruit, with food prices now priced at 21.52 per cent higher than they were this time last year. Latest data from the Kenya National Bureau of Statistics (KNBS) further shows that overall inflation for the month of May increased by 0.22 percentage points to 11.7 per cent. This means for 13 straight months, food prices have been rising, making overall inflation to remain at double digits for the third straight month. The last time inflation was at double digits was in 2012.

COURTESY-Standard Digital

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