Nairobi, July 1 -- Kenya's inflation rose to a 16-month high in June largely on the back of increased cost of basic foodstuffs and fuel, the Kenya National Bureau of Statistics (KNBS) report shows.
Inflation - a measure of changes in the cost of living year-on-year - climbed to 6.32 percent from 5.87 percent in May, signalling a painful cost pinch on the budgets for households and businesses amid Covid-19 knocks on earnings.
The rise in the indicator for cost of living was the highest since 7.17 percent in February 2020. This will pile pressure on businesses, which are battling depressed sales, while a considerable chunk of private sector workers has been slapped with pay cuts as their counterparts in the public sector workers face a pay ...