Kenya inflation rate rises to 4.1% in April
A cashier handles Kenyan Shillings at a shop in Nairobi on November 21, 2023. Expensive curtains, lavish garden parties, luxury cars and jet-setting lifestyles: Kenya's cash-strapped government has been on a spending spree even as austerity measures take their toll on weary citizens. (Photo by SIMON MAINA / AFP)
Audio By Vocalize
On a monthly basis, inflation was at 0.3% in April, the Kenya National Bureau of Statistics said in a statement.
Kenya's inflation rate has risen steadily since a low of 2.7% in October, but remains well within the central bank's 2.5% to 7.5% target range.
Earlier this month Kenya's central bank cut its policy interest rate for the fifth meeting in a row to (KECBIR=ECI) 10.0%, a surprise move aimed at further stimulating private sector lending.
Leave a Comment