Wednesday, November 23, 2011

Inflation in Kenya

Inflation in Kenya is reaching 19%, according to Jennifer Murogocho and Shaad Olingo.
They tell me about the price of petrol which has gone up from 85 shillings per litre at the beginning of the year to 125 shillings per litre today. The price of a tank of cooking gas has gone from 2150 to 3900 shillings.
The price of cooking fat has gone from 120 to 260 shillings.
The price of 2 kg of sugar has gone 160 to 375 shillings for a 2 kg packet.
Shaad says everything has gone up- especially the prices of spare parts for vehicles. He says that most people just drive their vehicles when they have to.
But farmers can still expect prices to go down when their crops are harvested. All of Kenya has received a lot of rain and everyone expects a good harvest.

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