Data from the National Treasury shows that retail prices increased at a slower rate of 3.5 per cent in February this year.
This is down from 6.3 per cent same period last year, attributed to easing prices of goods and services in the overall basket consisting of 330 items.
National
Treasury CS
John Mbadi
during a press
briefing at the
Treasury
Buildings in
Nairobi
on February 13
/DOUGLAS
OKIDDY
The government is monitoring market prices to institute timely remedial
measures and prevent unwarranted
price increases in a bid to further cut
the cost of living which has dropped
by almost three per cent in past 12
months.
Last week, an in-depth Star article
showed that members of public were
complaining that they were yet to
feel effects of eased inflation, with
majority struggling to place a meal
on the table.
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