×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Current high commodity prices not good for a struggling economy

Ranging from foodstuffs, toiletries, confectioners, vegetables, fruits, petroleum, name them, commodity prices in Kenya are not favoring the common man.

The fluctuating market prices, for basic commodities, is really worrying. Jane, not her real name, does her shopping at a famous supermarket, downtown Nairobi.

When the exponential price rush began, two weeks ago, she was buying milk at Sh 43. The following week the same half liter milk packet traded at 50, a whooping Sh 7 increase. Today, the same milk brand trades at Sh. 63, making great the total rise to be Sh 20, in just two weeks.
 
The trend is the same in other goods, like unga, cooking oil/fat, sugar, meat, fish, pork, chicken, match boxes, soap, and detergents. Such a scenario is occasioned by low supply versus high demand, or simply inflation, due to poor credit control, at the central bank.

 Natural disasters, leading to low or constrained output, or simply poor mechanisms appertaining price regulation and price control, or simply sabotage.By certain monopolistic production parties, colluding with the state, to make a dime, in the transitional period.
Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902