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Goods to cost more as shilling hits record low

Shoppers in Nakuru purchase packets of the subsidized maize flour at Naivas supermarket along Kenyatta Avenue. [Harun Wathari Standard]

The shilling on Thursday hit an all-time low against the dollar, signaling inflation and higher cost of imported goods.

The weakening of the shilling has triggered fears of a fresh round of inflationary pressure, which is set to become a political headache for the new government.

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