Businesses & Financial News

May data shows marginal increase in cost of living

The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period. The cost of living is often used to compare how expensive it is to live in one city versus another. The cost of living is tied to wages.

Kenya’s inflation remained flat last month handing a reprieve to households at a time of constrained spending in the wake of the coronavirus economic melt-down.

The Kenya National Bureau of Statistics (KNBS) data shows that inflation — a measure of changes in the cost of living year-on-year rose to 5.87 per cent from 5.76 per cent in April at the back of marginal increases in transport and the cost of food and non-alcoholic beverages.

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