Kenya’s core inflation declined to a 10-month low from 9.2 per cent in March due to decreased prices of fast-growing vegetable items.

In addition, food inflation declined to 10.1 per cent from 13.4 per cent in March, reflecting lower vegetable prices.

Data by the Kenya National Bureau of Statistics (KNBS) showed the price for a kilo of kale dropped to KSh63.55 from KSh71.87 while that of spinach dropped to KSh72.80 compared to KSh78.99 in March.

However, fuel inflation remained elevated, declining marginally to 13.2 per cent from 13.4 per cent in March, mainly driven by electricity prices.

The country’s annual headline inflation averaged 9.1 per cent in the first quarter of 2023 compared to 5.3 per cent in the corresponding period of 2022.

The Monetary Policy Committee (MPC) raised the central bank rate (CBR) to a five-year high of 9.50 per cent, a 75.00 bps increase.


 

Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

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