The Kenya National Bureau of Statistics (KNBS) is set to release the inflation figures for December in the coming week.
“We estimate the year-on-year (y/y) inflation rate to range between 6.3% and 6.6%, with a bias towards a decline to the mid-point of our estimates,” said experts from the Standard Investment Bank.
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The expectation is underpinned by:
The decline in the prices of diesel and kerosene which are expected to have a positive effect on the transport and household indices.
The declining food prices on account of a relatively high supply and the festive season’s promotions aimed at clearing stock as well as boosting sales.
However, elevated electricity prices and exchange rate-induced inflation are expected to weigh on the headline figure, despite the upward revision of the Central Bank Rate (CBR) – albeit early, the effects are yet to be felt as the shilling continues to depreciate against the dollar.
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