[Photo: Kenyan Wallstreet]
Data from the Kenya National Bureau of Statistics shows that low-income earners in urban areas are spending more on purchasing basic commodities.
In Nairobi, low-income earners’ inflation rate was marked at 5.6 percent in January this year.
This is above the national average of 5.39 percent.
The Bureau says, 7 out of 10 Nairobi working-class households are spending an average of 46,000 shillings monthly on basic needs.
This is as commodities, such as dry Maize increase, from 40 shillings for a KG in 2020, to 46 shillings in January 2022.
According to the report, Monthly trade volumes dropped from 301.58 billion shillings in December 2021 to 254.68 billion shillings in January 2022.
For instance, the quantity of coffee exported increased from 2,314.35MT in December 2021, to 3,283.60 MT in January 2022, while its value rose from 1,918.64 million shillings to 2,633.51 million shillings over the same period.
The quantity of tea exported decreased from 47,922.07MT to 45,584.65 MT.
Its value dropped from 12,724.88 million shillings to 12,628.76 million shillings.