The cost of living in Kenya hit Kenya’s inflation climbed to a five year high in August on soaring food and fuel prices as well as cost of home equipment and appliances.
Monthly inflation data released on Wednesday by the Kenya National Bureau of Statistics (KNBS) shows a measure of cost of living over the last 12 months rose by 20 basis points to 8.5 per cent up from 8.3 per cent in July.
It marks the third month in a row that year-on-year cost of living measure crossed the upper limit target of 7.5 percent, a trend last witnessed five years when the country went to the presidential polls.
The inflation rate in August was the highest since June 2017 when it hit 9.21 percent.
