Workers' pain as fuel prices push inflation to 28-month high
Nairobi, May 29 -- Kenya's inflation accelerated for the second month running in May, hitting its highest in more than two years, largely due to fuel price increases linked to the Iran war and further eroding workers' disposable income.
Inflation surged to 6.7 percent in May from 5.6 percent in April, the Kenya National Bureau of Statistics (KNBS) said on Friday. The rate was the highest since January 2024, when it stood at 6.9 percent.
The jump in inflation will hit workers hard amid reports that the rising cost of living has wiped out the marginal pay rises employers have offered staff in the past five years.
Inflation is now close to the upper end of the government's preferred range of 2.5 percent to 7.5 percent.
The ...
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