Economists see inflation staying above State target

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Inflation continues to play out in different ways across different markets. PHOTO | POOL

Global economists see Kenya’s average cost of living breaching government target for two consecutive years for the first time in more than a decade on the back of elevated food prices and a weakening shilling in a net import economy.

Forecasts from 15 world-leading banks, consultancies and think tanks show inflation is likely to average 7.6 percent in 2023, unchanged from last year.

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Note: The results are not exact but very close to the actual.