Global economists see faster increase in Kenya’s inflation

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

Global economists see a faster rise in Kenya’s average cost of living measure for 2023 than earlier projected, citing unfavourable rainfall and a weakening shilling against major international currencies.

Analysts polled from 15 world-leading banks, consultancies and think tanks have projected inflation to average 7.5 percent, slightly increasing from 7.2 percent late last year.

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