Kenya’s inflation rate increased to 4.5% year-on-year in August, up from 4.1% in July, primarily due to higher prices of food and transport.
The Kenya National Bureau of Statistics reported a monthly inflation rate of 0.3% in August, compared to 0.1% in July.
Food and non-alcoholic beverages prices surged 8.3% year-on-year, significantly impacting the inflation rate, while transport costs increased 4.4%.
Housing, water, electricity, gas, and other fuels also rose 0.8% year-on-year.
Despite the rise, inflation remains within the Central Bank’s target range of 2.5% to 7.5%.
The Central Bank of Kenya has kept a close eye on inflation, cutting interest rates to stimulate economic growth while maintaining price stability .
