Kenya's inflation edges up to 2.8% year on year in November
Tweet
Share
E-mail
FILE PHOTO: 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/F
NAIROBI (Reuters) - Kenya's inflation 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 to 12.00% from 12.75%.
(Reporting by Hereward Holland; Editing by David Goodman and Kevin Liffey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US judge again blocks Postal Service's mail-in voting restrictions
- More children under 12 in US are being prescribed weight-loss drugs, study finds
- Marking record tenure, Meloni hails Italy's turn to stability
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
