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      Men’s U-19 cricket team preps for world cup qualifiers

      Men’s U-19 cricket team preps for world cup qualifiers

      Record breaker Tebogo was advised against the 400m race

      Tebogo’s expected move to the US sparks mixed reactions

      GU clinches P3m Sponsorship Deal with Bank Gaborone

      GU clinches P3m Sponsorship Deal with Bank Gaborone

      Less Rewards for The Mares after Historic WAFCON Feat

      Less Rewards for The Mares after Historic WAFCON Feat

      Sponsorship offers pour in for Botswana’s World Athletics U-20 Heroes

      BAA targets Four Medals at World Athletics U20 Champs

      Orange Phikwe Marathon attracts Int’l Runners

      Orange Phikwe Marathon attracts Int’l Runners

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      Kenya: month-long subsidy to bring inflation back within target range

      mm by RMB Africa Research
      August 4, 2022
      in News
      Reading Time: 1 min read
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      Kenya: month-long subsidy to bring inflation back within target range
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      Headline inflation in Kenya exceeded expectations, accelerating from 7.9 percent y/y in June to a five-year high of 8.3 percent y/y in July.

      This acceleration was driven by higher food and non-alcoholic drink prices, which make up around one-third of the inflation basket. Food prices rose by 15.3 percent y/y in July amid prolonged drought and currency weakness, which continues to drive up import prices.

      The central bank expects a month-long subsidy to halve the cost of corn flour to bring inflation back within the bank’s 2.5-7.5 percent target range. However, inflation risks remain skewed to the upside, with the currency expected to remain under pressure due to mounting fiscal concerns and election-related uncertainty

      Tags: InflationKenya

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