NAIROBI (Reuters) – Kenya’s inflation dipped to 9.1% year-on-year in December, down from 9.5% a month earlier, the statistics office said on Friday, easing for the second month in a row on lower food and fuel prices.
Inflation peaked at 9.6% in October, the highest level since May 2017.
Last month Kenya’s central bank raised its benchmark lending rate by half a point to 8.75%, saying there was scope for more tightening due to sustained inflation.
Inflation in December was driven by the increase in prices of food and non-alcoholic beverages, transport, housing, water, electricity, gas and other fuels, the statistics office said.
(Reporting by Hereward Holland; Editing by James Macharia Chege)
