Kenya’s inflation rate rose slightly to 4.6% year-on-year in September, up from 4.5% in August, according to the Kenya National Bureau of Statistics.
The increase was primarily driven by rising prices of food and non-alcoholic drinks, transport, and housing, water, electricity, gas, and other fuels.
Month-on-month inflation was at 0.2% in September.
The Central Bank of Kenya targets year-on-year inflation of between 2.5% and 7.5% and had cut its benchmark lending rate by 25 basis points in August, citing room to ease monetary policy further as inflation remained within its target range.
