According to the latest report by the Central Bank of Kenya (CBK), prices for bread, rice, and other essential food items are expected to rise this month. The CBK cites a combination of factors contributing to this increase, including disruptions in the global supply chain, rising fuel costs, and adverse weather conditions affecting local agricultural output. These changes are anticipated to impact household budgets significantly, especially for lower-income families who spend a larger proportion of their income on food.
The report urges policymakers to consider measures to mitigate the impact on vulnerable populations, such as subsidies or targeted financial assistance, while also exploring long-term solutions to enhance food security and stabilize prices.