Prime

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

By  Peter Mburu

Business Reporter

Nation Media Group

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.

Read more HERE

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME How NSSF new rates will shrink payslips next year

  2. PRIME Chinese firms to share excess Mau road toll fees with State

  3. PRIME Chinese Dongfeng cars enter Kenya with local EV assembly

  4. PRIME Court rejects return of KQ staff fired in free ticket scandal

In the headlines

View All