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Kenya inflation rises to 6.8% year over year in September

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Friday, September 29th, 2023
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Kenya’s inflation (KECPI=ECI) rose marginally in September after all sectors recorded a general increase in prices, the statistics office said on Friday.

Inflation was 6.8% year on year in September from 6.7% a month earlier, while on a monthly basis inflation was 1% from -0.1% a month earlier, the Kenya National Bureau of Statistics said in a statement.

Kenya’s government has a preferred inflation band of 2.5%-7.5% in the medium term.

In mid-September, the country’s Energy and Petroleum Regulatory Authority said the prices of petrol, diesel and kerosene would rise.

Fuel prices have a big effect on inflation in the east African nation which depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting.

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