Lagos,Nigeria
Wednesday, May 29th, 2024

Search
Search
Close this search box.

Kenya inflation rises to 6.8% year over year in September

No comment
Friday, September 29th, 2023
No comment

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.

Leave a Reply

Your email address will not be published. Required fields are marked *