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Inflation and corruption top of Kenyan worries

Inflation and corruption top of Kenyan worries

Kenyans have termed the worsening economic conditions as their immediate problem with the rising cost of living and corruption at the apex, a new poll by Ipsos Synovate indicates.

Twenty eight and 20 per cent of the 2,078 respondents in the survey said inflation and corruption, respectively, were their most serious problems. Others are unemployment, poor leadership and political instability at 15, 8 and 5 percent respectively.

Synovate’s findings come at the time Kenyans are forced to part with at least Sh110 per 2kg packet of flour, almost Sh15 higher what they paid for the same commodity two months ago. This even as the Economic Survey report, the country harvested 42 million bags last year, up from 39 million in 2014.

Although the survey shows that inflation rate has relaxed by 8 percent since December last year when 36 percent of Kenyans cited it as the most pressing problem, Kenyans should brace themselves for even more tougher time a head if provisional inflation figures from the  Kenya National Bureau of Statistics is anything to go by.

The country’s inflation rate is expected to hit 6.62 percent this month, up from 5.58 percent the previous month.

According to KNBS, consumer prices in Kenya increased 5.8 percent year-on-year in June of 2016, accelerating from a 5 percent rise in a month earlier. It was the highest figure since March 2016, driven by cost of food. On a monthly basis, consumer prices went up by 1 percent following a 0.55 percent increase in the previous month.

Corruption fears on the other hand have increased by five folds since President Uhuru Kenyatta took power, with 20 percent of Kenyans worrying about it compared to 4 percent in June 2013.

Findings by Synovate  about the state of corruption in Kenya perhaps strengthens  another one released early this year by audit firm PriceWaterhouseCoopers (PwC) which ranked it as the third most corrupt nation in the world.


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