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Consumers face more pain as KRA inflation tax sets in today

Prices of foodstuff displayed in a retail shop. [Omondi Onyango,Standard]

The prices of at least 31 goods, including beer, SIM cards, boda boda, fuel, bottled water and juices will increase starting today as the Kenya Revenue Authority (KRA) moves to implement the annual inflation tax.

KRA said the rates will be adjusted using the average inflation rate for the financial year 2021/2022 of 6.3 per cent as determined by the Kenya National Bureau of Standards (KNBS).

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