Kenya inflation slows to 3.8% year-on-year in May
In month-on-month terms, inflation was 0.5 per cent in May from 0.3 per cent a month earlier, the Kenya National Bureau of Statistics said in a statement.
Kenya's inflation fell to 3.8 per cent year-on-year in May from 4.1 per cent a month earlier, the statistics office said on Friday.
In month-on-month terms, inflation was 0.5 per cent in May from 0.3 per cent a month earlier, the Kenya National Bureau of Statistics said in a statement.
More To Read
- World Bank warns of mounting fiscal pressure as Kenya faces debt distress risk
- Consumers to benefit from decline in global commodity prices, says World Bank
- Kenya’s trade deficit narrows by Sh10bn in 2024 as export growth outpaces imports
- Global food prices climb for third straight month amid soaring cereal, meat and dairy costs
- International firms, hospitality, finance sectors lead Kenya’s top payers
- Private sector activities rise to a 27-month high in April on strong customer demand
The office said the food and non-alcoholic beverages index was up 6.3 per cent compared with May 2024, while the transport index rose 2.3 per cent over the same period.
Kenya's inflation remains well within the central bank's 2.5 per cent to 7.5 per cent target range.
The central bank is due to announce its next lending rate decision on June 10.
In April, the bank cut its policy interest rate for the fifth meeting in a row to 10.0 per cent, a surprise move aimed at further stimulating private sector lending.
Top Stories Today
