Denis Young
Elder Lister
Then you completely misunderstood me. Demand led inflation does not mean you have Kenyans making more money, it means there are fewer goods. Productivity dropped sharply, not only in Kenya but the world over.In informal employment, if you have zero productivity for the day, you earn nothing at the end of that day. It does not matter where or how you operate. That is 80% of Kenyan workers: Farmers, taxi drivers, bodaboda guys, mama mboga, food kiosk operator, saloonist, juakali mechanic, carpenter, welder, shop owner, hardware owner, matatu driver, matatu owner, cybercafe operator, mjengo guys, makanga, photocopy shop, bar seller, land broker, bicycle mechanic, motorbike spare shop, tea picker, cooking gas reseller, painter, casual workers, chemist, mkokoteni etc..
It follows then that the salaries of the remaining 20% are not enough to cause inflation, especially when you consider that they have to share their money with more broke relatives and friends.
That is why you have premios going north of 2M and how Mazda CX5's became a staple during covid because they had very low demand and hence cheaper.