Kenya’s Inflation Rises in August, Driven by Food and Transport Prices

NAIROBI: Kenya’s inflation rose to 4.5% year-on-year in August from 4.1% the previous month, largely driven by higher prices of food and transport, the statistics office said on Friday.

Monthly inflation was at 0.3% in August, compared with 0.1% a month earlier, the Kenya National Bureau of Statistics said in a statement.

Earlier in August, the bank cut its benchmark lending rate by 25 basis points to 9.50%, saying there was room to ease monetary policy further as inflation remains well within target.

-George Obulutsa

WATCH, LIKE & SUBSCRIBE YOUTUBE CHANNEL FOR SPECIAL TALKS