Saturday November 30, 2024
General view of the Nairobi Expressway along Waiyaki Highway in Nairobi, Kenya February 18, 2022. The expressway is undertaken by the China Road and Bridge Corporation (CRBC) on a public-private partnership (PPP) basis. REUTERS/Thomas Mukoya/File Photo Purchase Licensing Rights
Kenya's inflation (KECPI=ECI), opens new tab edged up to 2.8% year-on-year in November, from 2.7% a month earlier, the statistics office said on Friday.
On a monthly basis, inflation was 0.3% compared with 0.2% in October, the Kenya National Bureau of Statistics said in a statement.
Kenya targets an inflation rate of between 2.5% and 7.5% in the medium term.The central bank is due to announce its latest benchmark lending rate decision on Dec. 5. In October, the bank cut its rate (KECBIR=ECI), opens new tab to 12.00% from 12.75%.