NAIROBI (Reuters) -Kenya’s inflation fell to 3.8% year-on-year in May from 4.1% a month earlier, the statistics office said on Friday.
In month-on-month terms inflation was 0.5% in May from 0.3% a month earlier, the Kenya National Bureau of Statistics said in a statement.
The office said the food and non-alcoholic beverages index was up 6.3% compared with May 2024, while the transport index rose 2.3% over the same period.
Kenya’s inflation remains well within the central bank’s 2.5% to 7.5% target range.
The central bank is due to announce its next lending rate decision on June 10.
In April the bank cut its policy interest rate for the fifth meeting in a row to 10.0%, a surprise move aimed at further stimulating private sector lending.
(Reporting by George Obulutsa;Editing by Alexander Winning)
