Annual inflation in Kenya holds steady in March at 9.2%

Commodity prices continue to drain the pockets of Kenyans. The Kenya National Bureau of Statistics unveiled Friday (Mar. 31) the annual inflation rate in March.

At 9.2%, the overall year-on-year inflation rate as measured by the Consumer Price Index.

(CPI) remained unchanged from February.

The Housing, Water, Electricity, Gas and Other Fuels’ Index however increased by 0.6 percent between February 2023 and March 2023. The Transport Index also went up by 0.3 percent during that period.

Kenyans are suffering from surging prices, as well as a sharp drop in the local shilling against the US dollar and a drought that has left millions unable to properly feed themselves.

During the election campaign, the president portrayed himself as the champion of the downtrodden and vowed to improve a lot of ordinary Kenyans.

Hundreds took to the streets in recent days as they wanted him to act by his words.

The opposition launched a campaign of nationwide protests that kicked off on March 20th.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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