Elevated inflation wiped out a marginal 2.8 percent pay increase offered to Kenyan workers last year, making it the fourth year in a row when salary rises lagged behind the cost of living in a trend that continues to weaken purchasing power.
Findings of an annual economic survey by the Kenya National Bureau of Statistics (KNBS) show that workers in both the private and public sectors received lower pay increases compared with a 4.6 percent raise in 2022 as firms froze pay increases.
