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Middle class drop premium brands as inflation stings
Kenya’s upper-middle and high-income households are increasingly dropping premium brands across various products from their shopping baskets. FILE PHOTO | SHUTTERSTOCK
Kenya’s upper-middle and high-income households are increasingly dropping premium brands across various products from their shopping baskets as a way of coping with the rising cost of living.
A survey by research firm Ipsos Kenya shows that 43 percent of households with a consolidated gross monthly income of Sh300,000 and above are holding off from buying certain items.