Inflation in July wins 4.35pc :: Kenya



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Concept of higher interest rate. [Photo/Reuters]

The cost of basic items rose slightly last month, with inflation reaching 4.35%, compared to 4.28% in June.

This is explained by a slight increase in the retail price of sugar as a result of a nationwide crackdown on contraband sugar as well as an increase in the price of sugar. kerosene, electricity and cooking gas.

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The cost of transportation also increased slightly due to a rise in oil prices that offset the decline in diesel prices. However, there was a general decline in food prices that dropped the food index by 0.9%.

Goods prices could increase if the finance bill proposing an increase in excise duties is pbaded by Parliament.

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