Increased Cost of Living – Cartels? Pirate Money? Or Not.

I’m sure most people are glad that the church took some time off holding prayer rallies and meetings for some of the Ocampo 6 to petition the two principals to address the rising food and fuel prices in the country. Despite the news and newspaper headlines over the past 3 months being dominated by another issue – the real issue that’s been eating into most Kenyans has been the increased cost of living. Everything seems to be going up: ugali unga; unga ngano; bread, oil, fuel… The official inflation figures confirm the price increments; the inflation rate in January was 5.42%, February 6.54% and March 9.19%-the result, public outcry culminating in last week’s mass action protests peaceful demonstration by the Consumer Federation of Kenya (COFEK).

The (inflation) facts speak for themselves, the question is WHO IS TO BLAME for this extra burden on Kenyan citizens? Some people have laid all the blame on cartels others claim that the influx of Somali pirate money has led to increased demand which has led to a corresponding increase in prices. Others have blamed the government for inaction.

While there may be some truth to some of the ‘explanations’ above it is important to remember that a lot goes into rising prices than pirate money or cartels.

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