Kenya: Companies Report Highest Product Prices in November

Private firms in the country reported the highest increase in product pricing as inflation rose to its highest yet in November. 

This is according to the Stanbic Bank Purchasing Manager’s Index (PMI) which reported that the rise accelerated the quickest since February and broadly aligned with the long-run average.

The firms attributed the increase to a change in the cost of production as well as improved sales volumes.

In a Kenya National Bureau of Statistics (KNBS) report last week, the…