The amount an employee in Kenya earned per year dropped by three per cent in 2022 despite the cost of living rising by 1.6 per cent, illustrating the hard economic times faced by households.
<ul> <li>Last month, the country recorded its slowest inflation in 10 months of 7.9 per cent compared to 9.2 per cent the previous month.</li> <li>The overall inflation as measured by Producer Price Index (PPI) rose by 15.01 per cent to 125.98 in 2022 from 109.54 in 2021.</li> </ul>
The amount an employee in Kenya earned per year dropped by three per cent in 2022 despite the cost of living rising by 1.6 per cent, illustrating the hard economic times faced by households.
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