22 Jan 2009 in National Assembly:
(c) The high rate of inflation has affected the living standards of the average Kenyan in some of the following ways:-
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22 Jan 2009 in National Assembly:
(i) Increased transport cost, particularly commuter and freight costs.
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22 Jan 2009 in National Assembly:
(ii) Escalated prices of consumer goods and services, especially food prices.
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22 Jan 2009 in National Assembly:
(iii) High cost of fertilizer and other farm inputs.
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22 Jan 2009 in National Assembly:
(iv) High building and construction costs due to higher cement, steel and other input costs.
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22 Jan 2009 in National Assembly:
(v) Negative interest rates which is a disincentive to higher savings.
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22 Jan 2009 in National Assembly:
(vi) Higher housing and mortgage costs.
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22 Jan 2009 in National Assembly:
(vii) Higher rents.
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22 Jan 2009 in National Assembly:
(viii) Unemployment due to slow growth in investments, coupled with an expanding population and lay-offs due to closure of firms.
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22 Jan 2009 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I am sorry I do not have the figures for other countries that the hon. Member has stated. In answer to "a" above, I have said that due to volatility of fuel and food prices, inflation in Kenya was 10.6 per cent in December, 2008, and 12.3 per cent in November, 2008. The hon. Member has said we use the Nairobi consumer price index. That is wrong. We use all the figures that we collect throughout the country to calculate the consumer price index.
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