Browsing: fuel prices in Kenya

  • Experts have projected that Kenya’s cost of living will rise as fuel prices continue to increase 
  • Cytonn Investments said that fuel is a major contributor to Kenya’s headline inflation and fuel prices are a major input cost in most of Kenya’s sectors.
  • The experts noted that the business environment is expected to deteriorate even further as consumers are likely to cut spending

Economic experts have projected that Kenya’s cost of living will remain high following the recent hike in fuel prices in the East African nation.

In their latest report, experts from Cytonn Investments said that fuel is a major contributor to Kenya’s headline inflation and fuel prices are a major input cost in most of Kenya’s sectors. The sectors include manufacturing, transport, and energy.

Further, the experts noted that the business environment is expected to deteriorate even further as consumers are likely to cut spending.

The report came days …