Sharp Daily
No Result
View All Result
Saturday, April 25, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Living Cost Soars as Inflation Rate Hits 9.6 Per Cent

Domenic Ntoogo by Domenic Ntoogo
November 1, 2022
in News
Reading Time: 1 min read
Inflation

Inflation [Photo/Courtesy]

October witnessed more struggle among Kenyans as the cost of basic commodities continued to soar following the removal of subsidies by President William Ruto.

According to an official report released on Monday by the Kenya National Bureau of Statistics (KNBS), the inflation rate increased by 0.4% from 9.2% to 9.6%.

Read: Sectors That Created Most Jobs In 2021 – KNBS

The changes represent the rise in the cost of living for eight straight months, a series that started in February 2022 when the rate stood at 5.1%.

RELATEDPOSTS

Kenya private sector contracts as costs and demand weaken

April 9, 2026

Rising oil prices put pressure on Kenya’s economy

March 17, 2026

Food commodities and non-alcoholic drinks contributed the most to inflation, with transport and domestic needs such as gas and electricity following closely.

“The rise in inflation was largely due to an increase in prices of commodities under food and non-alcoholic beverages (15.8%); transport (11.6%) and housing, water, electricity, gas and other fuels (7.1%) between October 2021 and October 2022,” said KNBS in a statement.

Read: Manufacturers’ Association Urges Government To Avoid Inflation Adjustment

“The Housing, Water, Electricity, Gas and Other Fuels’ Index increased by 0.5 percent between September 2022 and October 2022 due to increases in prices of 50 Kilowatts and 200 Kilowatts electricity units, which increased by 2.4 percent and 1.8 percent, respectively,”

Kenyans also had to dig deep in transport as Matatus hiked fares after the fuel subsidy was scrapped.

“Transport Index increased slightly by 1.0 percent between 2022 October and September 2022 due to increases in matatu fares and taxi fares, among others,” said KNBS.

Email your news TIPS to editor@thesharpdaily.com

 

Previous Post

The Government To Take Up Ksh63.7 Billion Loan From KQ

Next Post

List of Africa’s Busiest Cargo Airports

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Land acquisition for first time owners

April 24, 2026
News

Trends in luxury real estate

April 24, 2026
News

Kenya’s Digital Tax Shift

April 24, 2026
News

KRA targets mobile money loopholes as informal sector tax crackdown intensifies

April 24, 2026
News

Liquidity-Led Gains or Fundamental Recovery? What Q1’2026 Reveals About the NSE

April 24, 2026
News

The role of external debt in economic development and financial stability

April 24, 2026

LATEST STORIES

How a regional refinery could reshape East Africa’s trade deficit

April 24, 2026

Land acquisition for first time owners

April 24, 2026

Trends in luxury real estate

April 24, 2026

NSSF remittances and the case for Tier II planning

April 24, 2026

Why Employers Should Join the Cytonn Umbrella Retirement Benefits Scheme

April 24, 2026

Strategic deleveraging is the reset CIC Group needed

April 24, 2026

Kenya’s Digital Tax Shift

April 24, 2026

Michael debut signals strong market demand for music biopics despite industry pressures

April 24, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024