Sh1,000 buying power dips to Sh850 in a year

A Kenyan who had Sh1,000 note to spend in October last year can only buy goods worth Sh850 today due to inflation.

Photo credit: Nation Media Group

What you need to know:

  • Sh100, 000 earner has Sh10, 380 less
  • Fuel that lasted a week now lasts four days

A Kenyan who had Sh1,000 note to spend in October last year can only buy goods worth Sh850 today due to inflation, a weakening currency, and taxes among other factors that have conspired to erode the buying power of the shilling.

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