The government has announced “substantial” progress in reducing the cost of living for Kenyans.
Government spokesman Isaac Mwaura on Monday said coordinated efforts across multiple sectors have improved affordability and economic resilience for all Kenyans.
“These efforts are being driven by sector-specific initiatives, which are bearing fruit as observed in the latest economic indicators,” he said.
In a statement to media houses, Mwaura said fuel prices have now gone down without subsidies.
He said Kenyans are experiencing immediate savings on transport and energy costs.
“This change benefits not only consumers but also small businesses and agricultural producers who rely on affordable transportation to bring products to market.
He cited John Odongo, a boda boda operator in Kisumu, whom he said has seen his daily fuel expenses drop, allowing him to save up to Sh200 per day.
“This savings has enabled him to set aside funds for his children’s school fees while offering more affordable rides to his customers, contributing to local economic growth as more residents can afford transportation for work, school, and errand,” he stated.
Mwaura said basic household commodities, which had previously experienced steep price increases, have become more affordable.
“For example, unga is now retailing at approximately Sh100, sugar at around Sh120, and cooking gas at about Sh1, 000, while cooking oil has reduced to Sh200 per litre,” he stated.
Mwaura added that Kenya’s inflation rate has shown a marked and steady reduction as a result of targeted economic reforms in key sectors, particularly in energy and agriculture.
“Inflation has dropped to 3.6 per cent, the lowest level since 2012, down from 9 per cent earlier this year,” he said.
He said the International Monetary Fund (IMF) has affirmed that Kenya’s economic growth is above average, attributing it to the prudent management of Kenya’s Economy and the early repayment of the $2 billion Eurobond debt.
“As a result, IMF recently approved $606 million (Sh78 billion) in funding for development projects in Kenya,” he noted.
Mwaura added that the decline in inflation allows households to manage budgets as they experience more predictable pricing on everyday goods.
