The cost of petroleum has gone up again across the board and with that, the inflation rates.
Additionally, abnormally frequent power interruptions are already affecting economic activities. According to our weather man, a big drought is coming.
We must fully liberalise power generation and break the cartels that raise costs artificially.
Kenya’s inflation rate is not easy to control, given that 75 per cent of our imports comprise essential production goods — industrial supplies, 32 per cent, petroleum 29 per cent and machinery 14 per cent.
KARIUKI MUIRI, Karatina