High Cost Of Living - The Standard

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High Cost Of Living

How fintech tools can help cushion Kenyans during inflation

With the knock-on effects imposed on energy and food prices by global events such as the Ukraine war and the high petroleum prices, inflation is hurting households.

By Munyi Nthigah 3 days ago

How fintech tools can help cushion Kenyans during inflation

10 issues troubling Kenyans ahead of election day

10 issues troubling Kenyans ahead of election day

By Macharia Kamau and Dominic Omondi 4 days ago

Tuesday vote is a golden chance to midwife a food secure Kenya

Tuesday vote is a golden chance to midwife a food secure Kenya

By Isaac Kalua Green 5 days ago

High fuel costs slowing down farming activities, warns CBK

High fuel costs slowing down farming activities, warns CBK

By Dominic Omondi 9 days ago

Survey shows CEOs optimistic even as business activities dip

Findings show the economy has been strained by a high cost of living. Most executives, however, express business optimism on growth prospects for their companies and respective sectors.

By Dominic Omondi 11 days ago

Survey shows CEOs optimistic even as business activities dip

The economics, politics and reality of subsidies in Kenya

If the suppliers are getting a subsidy higher than what they would get in the open market, and are paid, they will keep producing or distributing.

By XN Iraki 16 days ago

The economics, politics and reality of subsidies in Kenya

How biological enzymes can help cut manufacturers' costs

Industries are now grappling with the dilemma of either passing on rising input costs to consumers or optimising production processes to keep prices low to retain customers.

By Regina Karani 17 days ago

How biological enzymes can help cut manufacturers' costs

My silent fears ahead of August 9 polls

The next giant leap is making economics the main issue of the General Election, which we must add is forced by circumstances like the Ukrainian war, Covid-19 joblessness and unfavourable weather.

By XN Iraki 18 days ago

My silent fears ahead of August 9 polls

No honeymoon for new president as many crises await

It is not enough for ministries to write reports. What should be happening at this time is actual briefing of the representatives from the two leading presidential candidates.

By Ken Opalo 20 days ago

No honeymoon for new president as many crises await

Is the government using food as a weapon in this year's election?

According to the Kenya Government, “the cost living” is the price of maize flour. Hence the government is providing a subsidy to cushion Kenyans against the cost of living for a few weeks.

By Barrack Muluka 20 days ago

Is the government using food as a weapon in this year's election?

Ugali politics as prices fall by half

The maize subsidy is among recent populist moves by Uhuru ahead of the General Election. Experts question where a cash-strapped government will get the money for the subsidy.

By Dominic Omondi 23 days ago

Ugali politics as prices fall by half

High cost of living a blot on Uhuru's legacy, poll shows

Fifty per cent of Kenyans want the next president to address the high cost of basics. Ruto, Raila supporters say Jubilee’s most enduring achievement is infrastructure development

By Brian Otieno 1 month ago

High cost of living a blot on Uhuru's legacy, poll shows

Why bigger brands are under threat from high cost of living

High cost of living has pushed shoppers to smaller quantities and cheaper alternatives. Surveys indicate they no longer follow brand loyalty, made lifestyle changes to cope.

By Graham Kajilwa 1 month ago

Why bigger brands are under threat from high cost of living

Why Kenya is teetering on the brink of a full-blown economic crisis

On Friday, Agriculture Cabinet Secretary Peter Munya, urged Kenyans, the biggest consumers of maize on this side of the Sahara, only matched by Malawians, to stop their over-reliance on the grain.

By Dominic Omondi 1 month ago

Why Kenya is teetering on the brink of a full-blown economic crisis

Millionaire investors hit big as NSE sheds Sh653b in six months

The Nairobi Securities Exchange (NSE) closed last Thursday with the combined value of all stocks at Sh1.939 trillion compared with Sh2.592 trillion at the beginning of the year.

By Patrick Alushula 1 month ago

Millionaire investors hit big as NSE sheds Sh653b in six months

Economy grew by 6.8 per cent between January-March amidst high cost of living

Growth is the highest in 22 years, according to Kenya National Bureau of Statistics. However, the economy has since then been strained by a high cost of living

By Dominic Omondi 1 month ago

Economy grew by 6.8 per cent between January-March amidst high cost of living

Puzzle as maize imports triple but flour prices skyrocket

A biting shortage has seen Government suspend import duty and levies on maize. This is as a 2kg packet of maize floor price rises to about Sh210, up from Sh129 a year ago.

By Macharia Kamau 1 month ago

Puzzle as maize imports triple but flour prices skyrocket

Kenya Kwanza leaders fault State, CS Munya over flour prices

Deputy President William Ruto reiterated that his government would ensure that the price of basic commodities went down immediately after taking over the government.

By Muriithi Mugo 1 month ago

Kenya Kwanza leaders fault State, CS Munya over flour prices

Government suspends import duty, levies on maize

Oguna said the waiver would only be valid for the months of July and August 2022

By David Njaaga 1 month ago

Government suspends import duty, levies on maize

Small scale millers close down as maize becomes scarce and costly

Millers are warning consumers to brace for harsh times due to the current shortage. Maize flour costs Sh220 per 2kg packet and millers blame the rise on high fuel prices.

By Antony Gitonga 1 month ago

Small scale millers close down as maize becomes scarce and costly

Ingenious ways businesses are coping with high living cost

The price of basic commodities keeps rising while our wages and salaries stagnate.

By XN Iraki 1 month ago

Ingenious ways businesses are coping with high living cost

Tax multinationals and richest people to ease inflation pressure

And when the political will exists, it is quite easy to identify where the wealth is hidden, as the Russian invasion of Ukraine has shown.

By Irene Ovonji-Odida 1 month ago

Tax multinationals and richest people to ease inflation pressure

More hunger on the way as food inflation goes past 28-month high

Government has cited various reasons, such war in Ukraine for the rise in cost of living. Politicians who passed bills to increase taxes on some goods are engaged in blame game.

By Frankline Sunday 1 month ago

More hunger on the way as food inflation goes past 28-month high

Folks tighten your belts: Living is going to get a lot bumpy for several months to come

Not a single political leader has come out forcefully to articulate the menace of high cost of basic goods and services ravaging households from within.

By Patrick Muinde 1 month ago

Folks tighten your belts: Living is going to get a lot bumpy for several months to come

Current pain is not all due to Ukraine, Covid-19 pandemic

The government has been telling everyone willing to listen that the current economic crisis is due to the war in Ukraine and lingering effects of disruptions to supply chains by the Covid-19 pandemic.

By Ken Opalo 1 month ago

Current pain is not all due to Ukraine, Covid-19 pandemic

State defends wage increase as employers threaten staff layoffs

The State said it engaged various stakeholders, through the Ministry of Labour and Social Protection, before President Uhuru Kenyatta announced the wage increase on Labour Day.

By Mwaniki Gitonga 1 month ago

State defends wage increase as employers threaten staff layoffs

Cost of ugali may rise again as traders start to import maize

Maize consumption per month is currently at 4.25 million bags. The country plans to import over 540,000 tons of maize, the highest since 2017.

By Dominic Omondi 1 month ago

Cost of ugali may rise again as traders start to import maize

Food crisis as maize prices soar amid biting shortage

Farmers have stocks only for subsistence use while a few with a surplus are selling it at over Sh6,000 per 90kg bag with the prices on an upward trajectory on daily basis.

By Standard Team 1 month ago

Food crisis as maize prices soar amid biting shortage

Manufacturers, retailers trade blame on rising cost of goods

Even as external factors push up prices, retailers and manufacturers can determine how much Kenyans will pay for commodities.

By Peter Theuri 2 months ago

Manufacturers, retailers trade blame on rising cost of goods

Schools reel under high cost of living, fees crisis

Principals, who spoke on condition of anonymity, said suppliers have threatened to institute legal action for non-payment of pending bills for supply of goods and services.

By Titus Too 2 months ago

Schools reel under high cost of living, fees crisis

Tough times ahead as fuel prices go up by Sh5.50 in new EPRA review

Super petrol will now retail at Sh150.12 per litre in Nairobi, up from Sh144.62. Price hikes attributed to global rise in cost of crude oil against a weak shilling.

By Macharia Kamau 2 months ago

Tough times ahead as fuel prices go up by Sh5.50 in new EPRA review

Shocker for those who fled Nairobi's high cost of living

Nairobi’s population growth has slowed to 3.5 per cent between 2009 and 2019. Ongata Rongai has highest concentration of graduates among major urban centres.

By Patrick Alushula 2 months ago

Shocker for those who fled Nairobi's high cost of living

Mystery of growth amidst pain for households, individual consumers

In other words, official government statistics should not create bouts of doubt among the consumers. It is on the question of external validity where the centre does not seem to hold.

By Patrick Muinde 2 months ago

Mystery of growth amidst pain for households, individual consumers

Raising the minimum wage can only go so far in cushioning poor workers

On the basis that it covered the inflation rate, it was a good increment. Our wages and salaries should be indexed to inflation to protect our purchasing power.

By XN Iraki 3 months ago

Raising the minimum wage can only go so far in cushioning poor workers

Uhuru Kenyatta: High cost of living beyond my control

President said the current surge in food and fuel prices was occasioned by the adverse effects of the Covid-19 pandemic and the ongoing war in Eastern Europe.

By Dominic Omondi 3 months ago

Uhuru Kenyatta: High cost of living beyond my control

Bunge Chronicles: Yatani put up a good show just to tell us how broke we are

Bwana Ukur Yatani could use a song to announce Budget Day, our annual reminder that Kenya is hopelessly broke, despite suggestions that we are well on our way to the first world.

By Brian Otieno 4 months ago

Bunge Chronicles: Yatani put up a good show just to tell us how broke we are

How Ukur Yatani failed agriculture in its hour of need

Sector that is critical to country’s food security received lower Budget allocation compared to last year. More than three million Kenyans are facing hunger due to the prevailing drought.

By Macharia Kamau 4 months ago

How Ukur Yatani failed agriculture in its hour of need

Costly ugali: Why price of ugali, chapati is set to go up

Your two favourite meals of ugali and chapati are about to get more expensive, with the Government planning to impose value-added tax (VAT) on both wheat and maize flour.

By Macharia Kamau 4 months ago

Costly ugali: Why price of ugali, chapati is set to go up

After budget let MPs consider lot of 'mwanainchi'

The Budget is silent on any proposal to bring down the cost of living and has instead sought increased taxes on even basic items such as juice and water.

By Samuel Njogu 4 months ago

After budget let MPs consider lot of 'mwanainchi'

Ice cream, juice and bottled water join ‘sin tax’ league to fund Sh3.3tr budget

Whether you will choose to sit under a tree and sip that fruit juice, eat ice cream or just drink water as you reflect on the rising cost of living, the government will still come for its taxes.

By Patrick Alushula 4 months ago

Ice cream, juice and bottled water join ‘sin tax’ league to fund Sh3.3tr budget

Cost of living to go up as vital goods face taxation

Maize flour, wheat flour and cassava flour to be removed from tax-exempted category, to attract 16 per cent VAT. Excise duty on cosmetic and beauty products increased to 15 percent.

By Dominic Omondi 4 months ago

Cost of living to go up as vital goods face taxation

Indirect taxation taking centre stage in State revenue measures

The VAT Act, of 2013 attempted to address this by significantly reducing the number of non-taxable items. However, over the years, this trend has reversed back to the bad old days.

By Nikhil Hira 4 months ago

Indirect taxation taking centre stage in State revenue measures

Kenyans suffer because they don’t take their leaders to task

For the past several months, Kenyans have been crying over the high cost of living as prices of basic commodities keep rising and standards of living get lower by the hour.

By Clay Muganda 4 months ago

Kenyans suffer because they don’t take their leaders to task

VIDEO: Protester arrested outside Treasury an hour to Budget speech

He was protesting the high cost of living, but resisted arrest when the law caught up with him.

By Mate Tongola 4 months ago

VIDEO: Protester arrested outside Treasury an hour to Budget speech

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