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Kenya's inflation quickens to 4.84% in year to October

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Kenya's inflation quickens to 4.84% in year to October

30th October 2020

By: Reuters

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Kenya's year-on-year inflation rose to 4.84% in October from 4.20% in the previous month, the statistics office said on Friday.

On a monthly basis, the rate stood at 0.95%, the Kenya National Bureau of Statistics said in a statement.

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Inflation has stayed within the government's preferred band of 2.5-7.5%, giving policymakers flexibility while setting lending rates during the coronavirus crisis.

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