Kenya's economy continues to experience some relief as its inflation fell in March. In February, the country's inflation hit a 23-month low of 6,3 percent. Its inflation has fallen further from the figure recorded in February to 5,7 percent year-on-year in March. This inflation drop is the second in two months, as gasoline price is set to drop.
Kenya's economy continues to experience some relief as its inflation fell in March. In February, the country's inflation hit a 23-month low of 6,3 percent. Its inflation has fallen further from the figure recorded in February to 5,7 percent year-on-year in March. This inflation drop is the second in two months, as gasoline price is set to drop.
It also added;"This was mainly driven by increases in prices of commodities under Transport ; Housing, Water, Electricity, Gas, and other fuels ; and Food and Non-Alcoholic Beverages between March 2023 and March 2024." According to the report, Kenya's rate of inflation at this time last year stood at 9,2 percent and has since then been on a steady decline.
Additionally, it was reported earlier this month that the Kenyan economy is about to catch a break as gasoline prices fall for the first time since August.
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