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With further drops expected

Central Bank of Kenya says food prices have dropped

According to a survey by the Central Bank of Kenya, domestic food prices have gone down. The sixth Agriculture Sector Survey was conducted between July 11 - July 15, 2023, and noted prices of most vegetables and non-vegetables decreased during the period.

The Central Bank stated: "Retail prices of most vegetables and non-vegetables declined significantly and are expected to decline further. The supply of key food items is expected to increase in the coming months as the harvest from Eastern, South Rift and Western start reaching the markets.”

The Central Bank of Kenya revealed maize and tomato prices dropped due to increased production. Farmers in the Mt Kenya region reported a bumper harvest of tomatoes, for instance. The regulator expects the retail prices of cereals, grains and their end products to either decline or remain unchanged.

Source: tuko.co.ke

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