Kenya's inflation KECPI=ECI rose to 9.2% year-on-year in February from 9.0% a month earlier, the statistics office said on Tuesday, largely driven by food and transport prices.
An employe holds loaves of bread at a supermarket in Nairobi, Kenya May 8, 2017. Picture taken May 8, 2017. REUTERS/Baz Ratner
NAIROBI, Feb 28 - Kenya's inflation rose to 9.2% year-on-year in February from 9.0% a month earlier, the statistics office said on Tuesday, largely driven by food and transport prices. February's inflation rate has broken three consecutive months when the rate fell. It rose to 9.6% in October, its highest level since May 2017. February's rate is still above the government's preferred range of 2.5% to 7.5%.
On a monthly basis, inflation was 0.6% compared with 0.2% in January, the Kenya National Bureau of Statistics said in a statement. In January, the central bank held its benchmark lending rate steady at 8.75%, saying its rate hike in November was still working its way through the economy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kenya: USAID Announce U.S.$126 Million in Additional Food Aid to KenyaThe United States Agency for International Development (USAID) has announced it is providing more than $126 million in additional food assistance to Kenya as drought bites in the country.
Read more »
Joke of the day Tuesday 28 February 2023Laughter is the best medicine they say - and South Africans certainly could do with a dose of the giggles! Here is your joke of the day.
Read more »