Kenya's inflation falls to 3.6% in September

Kenya's inflation falls to 3.6% in September

A general view shows the central business district in downtown Nairobi, Kenya February 18, 2022. REUTERS/Thomas Mukoya

Kenya's inflation fell to 3.6% year-on-year in September from 4.4% a month earlier, the statistics office said on Wednesday.

On a month-on-month basis inflation was at 0.2% from 0.0% a month earlier, the Kenya National Bureau of Statistics said in a statement.

The Kenyan government targets an inflation rate of between 2.5% and 7.5% in the medium term.

The central bank is due to announce its next interest rate decision on Oct. 8

It cut its benchmark lending rate by 25 basis points in August, saying there was scope to ease policy gradually as inflation had fallen below the midpoint of its target range.

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Inflation CBK KNBS

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