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High cost of living persists as inflation rate falls in December

Traders at the Kangemi open air market in Nairobi. [Elvis Ogina, Standard]

The inflation rate in Kenya dropped slightly to 6.6 per cent in December 2023, from 6.8 per cent in November 2023, according to the Kenya National Bureau of Statistics (KNBS).

The inflation rate, which measures the average change in prices of goods and services consumed by households, remained high due to an increase in prices of commodities such as transport, housing, water, electricity, fuel, and food.

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