Cost of living may cool off
03 January 2012, 09:05
Nairobi - The Standard reports that Kenyan consumers may soon get a reprieve by the substantial reduction in the cost of living if inflation data released last week by Kenya National Bureau of Statistics is anything to go by.
Although market observers reckon it could take long before reduction of maize flour, rice, wheat flour, cooking oil, vegetables or meat prices shall be felt as importers and local manufacturers are still holding on to old stocks (or supplies), which they acquired or produced at higher costs.
According to George Bodo, an analyst at ApexAfrica Capital Limited, consumers should not expect an exponential drop in the cost of living this month because of the two to three months time lag before effects of a stronger shilling and lower fuel prices kicks into the system .
- For more visit The Standard
Get the latest news by following us on Twitter