Search Results: inflation (397)

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%.

Food inflation increased to 15.3 per cent from 13.8 per cent in June.

The statistics agency said that Kenya’s consumer inflation rose to 7.9 per cent year over year in June, the most…