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KNBS on the spot for wrong power bills in inflation numbers
The discrepancy between KNBS’ and Kenya Power’s power price figures has now raised fresh questions over whether the inflation figures, which are critical in informing the government’s monetary policy, can be relied upon.
The Kenya National Bureau of Statistics (KNBS) is on the spot for using the wrong electricity prices in its monthly cost of living computation, raising questions over the authenticity of the agency’s latest inflation numbers.
This is after the agency indicated that power prices rose by up to 6.9 percent in May despite actual Kenya Power bills declining during the period.
