List of Items Whose Prices Have Dropped as Kenya Shilling Gains Strength Against US Dollar
==========
The Kenya National Bureau of Statistics (KNBS) reported a drop in the consumer price index (CPI), lowering inflation to 5.7% in March 2024. The Kenya shilling gained strength against the US dollar during the same period, lowering import costs. Prices of petroleum products, electricity, and other items dropped significantly on the strong shilling. Market analyst Rufas Kamau stated that the strong shilling brings a lot of benefits to the country. The current value of the Kenya shilling is KSh 131.8 per dollar. Items that reported reduced prices in March 2024 include unga (maize flour), sugar, electricity, petrol, diesel, and kerosene. However, prices of commodities such as onion, mangoes, potatoes, oranges, tomatoes, and beef increased in March 2024 compared to February 2024.
#KenyaShilling #Inflation #ImportCosts #PetroleumProducts #Electricity #Prices #MarketAnalysis
https://www.tuko.co.ke/business-economy/543558-list-items-prices-dropped-kenya-shilling-gains-strength-dollar/
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2024-04-03 10:54:17
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2024-04-03 10:54:17Event JSON
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"content": "List of Items Whose Prices Have Dropped as Kenya Shilling Gains Strength Against US Dollar\n==========\n\nThe Kenya National Bureau of Statistics (KNBS) reported a drop in the consumer price index (CPI), lowering inflation to 5.7% in March 2024. The Kenya shilling gained strength against the US dollar during the same period, lowering import costs. Prices of petroleum products, electricity, and other items dropped significantly on the strong shilling. Market analyst Rufas Kamau stated that the strong shilling brings a lot of benefits to the country. The current value of the Kenya shilling is KSh 131.8 per dollar. Items that reported reduced prices in March 2024 include unga (maize flour), sugar, electricity, petrol, diesel, and kerosene. However, prices of commodities such as onion, mangoes, potatoes, oranges, tomatoes, and beef increased in March 2024 compared to February 2024.\n\n#KenyaShilling #Inflation #ImportCosts #PetroleumProducts #Electricity #Prices #MarketAnalysis\n\nhttps://www.tuko.co.ke/business-economy/543558-list-items-prices-dropped-kenya-shilling-gains-strength-dollar/",
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