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Elizabeth Irungu: why people change their lifestyle to cope with harsh economy

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Elizabeth Irungu, Chartered Financial Analyst and Head of Asset Management Limited - Absa Bank Kenya. [Courtesy]

The cost of basic commodities has risen in recent months, even though incomes have not increased in the same magnitude.

It is typical that during inflationary times when one has the same amount of money to budget for expenses before the next paycheck, they are unlikely to maintain the lifestyles to which they have grown accustomed.

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