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Kenya inflation hits 2-year high due to rising fuel and food costs
Photo: Businessday NG
2026-05-29 15:25   Economy   10

Kenya inflation hits 2-year high due to rising fuel and food costs

Inflation for Kenya don rise reach 6.7 percent for May, the highest since January 2024, as per the Kenya National Bureau of Statistics.This sharp increase mainly dey come from transport costs wey climb 16.5 percent year-on-year after government raise fuel prices for April and May.

The fuel price increase na result of global oil wahala, including tension involving Iran and Middle East issues wey dey affect Africa economies wey dey depend on imported fuel.Food and non-alcoholic drinks still increase, dey up to 9.4 percent, while housing, water, electricity, and other fuels also dey cost more.Meanwhile, some countries like Zambia dey see better, as inflation slow to 6.6 percent due to better kwacha value and less price pressure.

The Central Bank of Kenya still dey observe, dem go announce next interest rate on June 9 after dem hold rate for April, pausing nearly two-year easing cycle.

The rise dey put pressure on households and businesses as transport and energy costs dey bite heavier, complicating efforts to balance economic growth with price stability.

Full reading at Businessday NG

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