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Inflation is looming

Fuel prices in Kenya reach new highs

Fuel prices in Kenya have reached an historic high. The price rises during the pandemic sparked protests from legislators and motorists across the country. Due to the pandemic, the price of petrol in East Africa has seen a steady rise since last year. Moreover, the effects of compounding inflation are slowly trickling into Kenyan households.

In Tanzania, the government also moved in to stabilize an increase in fuel prices. This month, fuel prices in Tanzania registered the highest increase since July. However, higher pump prices in Tanzania were partly fueled by increased demand from a recovering economy. However, with inflation slowly seeping into the East African economies, it is apparent that fuel prices will continue to rise.

Source: eastafricamonitor.com


Photo source: Dreamstime.com


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