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Inflation rises to 58-month high as goods prices soar
The price increases of essential items like cooking oil, food, fuel and soap is squeezing household budgets and demand for goods and services. PHOTO | FILE
Kenya’s inflation hit a 58-month high in June on soaring prices of food items, breaching the government’s upper limit target for the first time since August 2017.
The inflation — a measure of annual changes in the cost of living— hit 7.9 percent in June from 7.1 percent in May, the Kenya National Bureau of Statistics reported on Thursday.
