Sharp Daily
No Result
View All Result
Saturday, April 4, 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

Rising oil prices put pressure on Kenya’s economy

March 17, 2026

Budget cuts weaken Kenya’s fight against money laundering

January 19, 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

US flags tender corruption and trade barriers slowing Investment in Kenya

April 2, 2026
News

The SACCO Bill, 2025: Reforming Cooperative Finance or Redefining It?

April 2, 2026
News

Kenya cracks down on mattress firms over suspected cartel practices

April 2, 2026
News

Kenyan saccos on high alert as cyber threats rise ahead of Easter holidays

April 2, 2026
News

Kenya Delays PAYE Tax Cuts as Rising Inflation Intensifies Pressure on Low-Income Earners

April 2, 2026
Equity Group Managing Director And CEO Dr. James Mwangi
Analysis

Equity CEO earns kSh 90m as equity bank posts record profits

April 2, 2026

LATEST STORIES

How tender fraud is undermining Kenya’s investment appeal

April 3, 2026

US flags tender corruption and trade barriers slowing Investment in Kenya

April 2, 2026

The SACCO Bill, 2025: Reforming Cooperative Finance or Redefining It?

April 2, 2026

Kenya cracks down on mattress firms over suspected cartel practices

April 2, 2026

Kenyan saccos on high alert as cyber threats rise ahead of Easter holidays

April 2, 2026

Kenya Delays PAYE Tax Cuts as Rising Inflation Intensifies Pressure on Low-Income Earners

April 2, 2026
Equity Group Managing Director And CEO Dr. James Mwangi

Equity CEO earns kSh 90m as equity bank posts record profits

April 2, 2026

Kenya Targets Sh152 Billion to Become Africa’s AI Hub

April 2, 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