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Kenya’s inflation rate increased slightly to 4.4% year-on-year in August, up from 4.3% in July, according to data released by the Kenya National Bureau of Statistics on Friday.
On a month-on-month basis, the consumer price index remained unchanged at 0.0% in August, following a decline of -0.2% in July.
The Kenyan government aims to maintain inflation within a target range of 2.5% to 7.5% as part of its broader strategy to ensure price stability.
Earlier this month, Kenya’s central bank lowered its benchmark lending rate by 25 basis points, citing the opportunity to gradually ease monetary policy as inflation has remained below the midpoint of the target range.
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