Kenya's inflation inches up in December, stats office says
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FILE PHOTO: An employe restocks the dairy products section at a supermarket in Nairobi, Kenya May 8, 2017. REUTERS/Baz Ratner/File photo
(Reuters) -Kenya's consumer price inflation
On a monthly basis, inflation was 0.6% compared with 0.3% in November, 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.
Kenya's central bank cut its benchmark lending rate by a larger-than-expected 75 basis points to 11.25% on Dec 5, saying there was room for looser policy to support economic growth as inflation was under control.
(Reporting by Hereward HollandEditing by Bate Felix)
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