Inflation hurts spending power of consumers

Inflation hurts spending power of consumers. PHOTO | NMG

More than half of Kenyan households cut their spending on food and 10 per cent of homes sold their assets in the race to survive sky-high inflation and economic shocks from the worst drought in 40 years.

This is the verdict of a World Bank survey on how Kenyans coped with the high cost of living, which has remained above the government ceiling of 7.5 per cent since July.

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