The paradox of falling prices in a broke economy

A customer shops for products in a supermarket. [File, Standard]

The high cost of living in Kenya reflected by a rise in inflation was a rallying cry in the run-up to the 2022 General Election and partly contributed to the recent Gen Z demonstrations.

Two years later, however, prices have come down. Is there anything to celebrate? What is bringing down inflation? Who should take credit for the fall in inflation?  It’s a confluence of several factors.