{"id":124199,"date":"2024-08-01T18:18:12","date_gmt":"2024-08-01T18:18:12","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease"},"modified":"2024-08-01T18:58:24","modified_gmt":"2024-08-01T18:58:24","slug":"kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease","title":{"rendered":"Kenya&#8217;s inflation drops in July as price of key food items and fuel ease"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span><b>Inflation in Kenya has fallen to 4.3 per cent year-on-year in July from 4.6 per cent a month earlier, according to new data released by the Kenya National Bureau of Statistics on Wednesday.<\/b><\/p>\n<p>The four-year low was helped by a strong shilling and marginal price reductions in key household costs such as electricity and fuel.<\/p>\n<p>This has led to a reduction in transport costs which saw a rise of just 4 per cent in July compared to 7.7 per cent the previous month.<\/p>\n<p>The price of many foods decreased by half a per cent between June and July, but the reprieve did not extend to all categories, with some experiencing sharp increases.<\/p>\n<p>Kenya targets an inflation rate of between 2.5 per cent and 7.5 per cent in the medium-term.<\/p>\n<p>But while overall inflation remains under control, increases in other household costs like cooking oil and cooking gas means consumers still need to tighten their budgets.<\/p>\n<p>In June, Kenyans took to the streets in a wave of deadly protests over tax hikes and the cost of living.<\/p>\n<p>President William Ruto was forced to scrap a proposed finance bill containing the increases in response to the demonstrations.<\/p>\n<p>Ruto, who was sworn in in September 2022, inherited a battered economy grappling with soaring inflation, a high debt burden, unemployment, and post-Covid 19 stagnation.<\/p>\n<p>He has been caught between the demands of lenders such as the International Monetary Fund to cut deficits, and a hard-pressed population reeling from rising costs.<\/p>\n<p>The easing of inflation this month could influence the Central Bank\u2019s decision on interest rates, with a potential rate cut expected when the Monetary Policy Committee convenes on 6 August.<\/p>\n<p><strong>For More News And Analysis About Kenya Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Inflation in Kenya has fallen to 4.3 per cent year-on-year in July from 4.6 per cent a month earlier, according to new data released by the Kenya National Bureau of Statistics on Wednesday. The four-year low was helped by a strong shilling and marginal price reductions in key household costs such as [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":124198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,7204],"tags":[1293,8769,5469,544,312],"class_list":["post-124199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-economy","tag-finance","tag-inflation","tag-kenya","tag-william-ruto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenya&#039;s inflation drops in July as price of key food items and fuel ease - kenya<\/title>\n<meta name=\"description\" content=\"Inflation in Kenya has fallen to 4.3 per cent year-on-year in July from 4.6 per cent a month earlier, according to ne ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya&#039;s inflation drops in July as price of key food items and fuel ease\" \/>\n<meta property=\"og:description\" content=\"Inflation in Kenya has fallen to 4.3 per cent year-on-year in July from 4.6 per cent a month earlier, according to ne ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-01T18:18:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-01T18:58:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/08\/sm_1722522421.714122.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenya&#8217;s inflation drops in July as price of key food items and fuel ease\",\"datePublished\":\"2024-08-01T18:18:12+00:00\",\"dateModified\":\"2024-08-01T18:58:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease\"},\"wordCount\":295,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/08\/sm_1722522421.714122.jpg\",\"keywords\":[\"Economy\",\"Finance\",\"Inflation\",\"Kenya\",\"William Ruto\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyas-inflation-drops-in-july-as-price-of-key-food-items-and-fuel-ease\",\"name\":\"Kenya's inflation drops in July as price of key food items and fuel ease - 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