NAIROBI (Reuters) – Kenya’s consumer inflation rose to 7.10% year-on-year in May from 6.47% a month earlier, the statistics office said on Tuesday.
On a monthly basis, inflation was 0.8% from 1.69% in April, the Kenya National Bureau of Statistics said in a statement.
On Monday, the central bank raised its benchmark lending rate to 7.50% from 7.00% previously, the first hike since July 2015. It said inflation risks were elevated because of global commodity prices and supply chain disruptions.
(Reporting by Hereward Holland; Editing by Estelle Shirbon)
