Search Results: Inflation (390)

Kenya’s November inflation eased to 9.50%, down from a five-year high of 9.60% in October 2022, on reduced prices of…

The Monetary Policy Committee decided to raise the Central Bank Rate (CBR) from 8.25 per cent to 8.75 per cent.

The last time Kenya witnessed this kind of inflation was in June 2017, when it hit 9.21 per cent.

The rate was 8.5 per cent in August, above the central bank’s target range of 2.5 per cent-7.5 per cent.

Since June 2022, Kenya’s headline inflation has trended above the 7.50% upper band statutory target owing to
elevated food and fuel costs. The inflation hit 8.5% in August from 8.3% in July.

This is the third month the inflation rate is outside the government’s targeted band of 2.5% to 7.5%.