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Kenya's Inflation Hits Two-Year Peak as Mideast Tensions Drive Fuel Costs Higher

Kenyan inflation accelerated to its highest level in more than two years during May, with surging fuel prices at the center of the price pressures gripping the East African economy. The uptick coincides with ongoing geopolitical tensions in the Middle East that have disrupted global energy markets and pushed crude prices higher. Shipping operators including Evergreen Marine Corporation have flagged expectations for elevated fuel surcharges through the second quarter as supply route uncertainties persist. The inflationary pressure extends beyond Kenya, with European authorities warning that medium-term consumer price expectations may climb further if energy costs remain elevated. Across multiple sectors—from maritime operators to domestic energy-dependent businesses—companies are bracing for sustained cost pressures that threaten to cascade through supply chains and consumer prices.