Low food prices see Kenya’s inflation ease for first time in nine months

December 5, 2022

Less than a minute

Costly food prices push Kenya inflation at 10-year high of 9.2% — Food prices in Kenya

Inflation in Kenya eased to an a nine-month low in November to 9.5 percent from 9.6 percent in October.

The pressure was eased due to easing food prices arising from seasonal factors and declining of international food prices.

Food inflation declined to 15.4 percent from 15.8 percent in October.

Fuel inflation increased to 13.8 percent from 11.7 percent in October, while Non-food-non-fuel (NFNF) inflation increased to 4.2 percent from 3.8 percent in October.

The Central Bank of Kenya (CBK) effected its third interest rate hike for the year, setting the Central Bank Rate (CBR) at 8.75 percent with a view of anchoring inflation expectations.

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.