Inflation continues to rise in Kenya as bread makers announce higher prices
Inflation continues to rise in Kenya as bakers announce higher prices for raw materials due to high costs of cooking oil, fuel, wheat, and packaging. Kenyans are now paying more for a loaf of bread, which means they’re getting an expensive breakfast. The Supa Loaf A 400g for the Supa Loaf brand that produces mini bakeries increased from KSh 55 to KSh 60.
On the other hand, Broadway said its 400g loaf would be sold at KSh 60 instead of KSh 55, and 600g will retail for KSh 90 instead of KSh 83. Broadway executive director Bimal Shah attributed the increase to rising production costs. “The price of everything has gone up. We’re struggling with the high cost of transporting diesel, expensive cooking oil and the increase in packaging materials, which are now up 20 percent,” Shah was quoted by Business Daily.
Inflation continues to rise in Kenya as bakers announce higher prices
Edible Oil Costs According to the Kenya Statistics Service (KNBS), the price of edible oil per litre has increased by 41.66% compared to the same period in 2021. Depending on the brand, a litre of cooking oil costs between 342 KSh and 400 KSh. Rajul Malde, commercial director of Pwani Oil, warned that consumers would face difficult times if supplies were restricted due to a ban in Indonesia, which supplies a third of the edible oil. Global palm oil is innovating with the rest of the supply chain. Still, overall we have no choice but to raise prices,” he said, adding that 70 local hotels and bars have since announced they will be shrinking the size of their chapatis while others will double the price.
Wheat prices worsened after the Russian invasion of Ukraine, rising from $345 (KSh 39,000) to $460 (KSh 52,000) for a tonne.