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In July 2015 Kenya's inflation rate was estimated to be 6.62%. [68 ... Since the Act took effect in 2000, Kenya's clothing sales to the United States increased from ...
News about inflation has been everywhere over the past few years. But even if you haven't been watching TV or reading the financial press, you've no doubt felt some pain in your wallet as prices ...
Inflation is now at its highest level for 10 years and is set to carry on rising into next year before falling back towards the Bank of England’s 2% target. ... which has had a knock-on effect ...
(Bloomberg) -- Kenya is expected to buck the trend of monetary policy tightening among emerging markets, even as pressure mounts for it to hike its benchmark interest rate. Most Read from ...
One of the effects of inflation on the economy is the income "distribution effect" of inflation. Inflation negatively impacts people with fixed incomes. For those on a fixed income —whose income lags behind a rise in prices, causing the actual purchasing power of their income to decline due to inflation—their living standards will ...
The Tanzi effect is an economic situation involving a period of high inflation in a country which results in a decline in the volume of tax collection and a deterioration of real tax proceeds being collected by the government of that country. This is due to the time elapsed between the moment the taxable event occurs and the collection of the ...
The 2007–2008 Kenyan crisis was a violent political, economic, and humanitarian crisis in Kenya.The crisis erupted after incumbent President Mwai Kibaki was declared the winner of the 2007 presidential election.
Inflation is the decrease in the purchasing power of a currency. That is, when the general level of prices rise, each monetary unit can buy fewer goods and services in aggregate. The effect of inflation differs on different sectors of the economy, with some sectors being adversely affected while others benefitting.