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Across the country, households are confronting a cost-of-living squeeze that shows little sign of easing, even as official inflation figures edged lower in June.
The findings show that CBK's key forecasting framework overstated some economic risks, misclassified climate shocks and moved away from global best practice.
Financial resilience today means looking beyond simply putting money away; it means ensuring that money works, earning a return that keeps pace with the rising cost of living.
“Consumer Price Index (CPI) is defined as a measure of the weighted aggregate change over time in retail prices paid by consumers for a given basket of goods and services,” said KNBS.
Rising food and fuel prices have pushed Kenya’s inflation to a two-year high, leaving households with reduced purchasing power and worsening cost-of-living pressures.
Kenya’s inflation rate rises to 5.6 per cent in April from 4.4pc in March, driven by higher fuel, transport and food costs, KNBS says.
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