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{
    "id": 1164660,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1164660/?format=api",
    "text_counter": 417,
    "type": "speech",
    "speaker_name": "Sen. M. Kajwang’",
    "speaker_title": "",
    "speaker": {
        "id": 13162,
        "legal_name": "Moses Otieno Kajwang'",
        "slug": "moses-otieno-kajwang"
    },
    "content": "Mr. Speaker, Sir, I thank Sen. Cherargei for bringing this topical Statement to the House. Outside there, in the public domain, the issue of the cost of living has captured the attention of Kenyans. When you go online, there are hash-tags that have been created around lowering of food prices. Inflation is a global problem. The other week I was in Turkey. Inflation in Turkey is at 50 per cent. If you check globally, in the United Kingdom (UK), inflation is about 5.4 per cent and they are saying that is the highest inflation figure they have seen in the past 40 years. In Kenya, inflation is at 6 per cent. In the United States of America (USA), inflation has heightened as a result of overheating of the economy, following the COVID- 19 stimulus programmes and cash handouts that the Biden administration gave. What we are dealing with today is not just a Kenyan problem. Therefore, it does not require simplistic analysis, diagnosis and prescription. We should expect that situations in Kenya will probably get worse because of our over-reliance on global dynamics."
}