The rate at which we have normalised the high prices we are paying for basic stuff concerns me a lot. The other day I went to a supermarket and I found myself adding up the prices on the receipt just to be sure I had not been robbed.
๐งต
๐งต
I stopped eating rice years ago. Those days a kg of Pearl rice used to cost less than KShs 200. I was just moving around in a supermarket and was shocked to see the same rice going for over KShs 300 per kg. I hear rumours that a 2kg pack of sugar is selling at over KShs 300.
2/8
2/8
Prices of things like tissue paper, soap, washing powder have shot up by huge margins.
The bad news is that once these prices go up they never come down. Look at prices of cooking oil.
3/8
The bad news is that once these prices go up they never come down. Look at prices of cooking oil.
3/8
They are still stubbornly high long after the crisis behind their escalation was done with.
Remember in 2008 when price of bread shot from something like KShs 16 to KShs 25. We thought it was due to PEV.
Remember in 2008 when price of bread shot from something like KShs 16 to KShs 25. We thought it was due to PEV.
We never realised there was a global food crisis then. Yet the prices have never come down again.
Prices of bread and milk are also quite high. Even pulses aren't left behind. Only the poor salt has resisted the temptation to rise to this occasion.
Prices of bread and milk are also quite high. Even pulses aren't left behind. Only the poor salt has resisted the temptation to rise to this occasion.
When KNBS claims inflation is at 9%, you wonder if they are talking about the same country we are living in.
Inflation is the worst poverty creation machine. It reduces people's purchasing power. Soon all their incomes are spent on basics.
Inflation is the worst poverty creation machine. It reduces people's purchasing power. Soon all their incomes are spent on basics.
People live day by day with nothing saved for a rainy day. When economic shocks happen, they are kicked hard never to recover.
The danger of normalising these price escalations is huge. We should be demanding answers from the government.
The danger of normalising these price escalations is huge. We should be demanding answers from the government.
The high prices will destroy demand. Businesses will close shop. Unemployment will skyrocket. The country will turn into an unlivable hell.
8/8
8/8
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