Inflation in Kenya eased to 6.3% in February 2024, the lowest level in two years – according to the Central Bank of Kenya (CBK).
This is below the average inflation rate of 9.4% for the Sub-Saharan Africa region.
The CBK attributed the decline in inflation to lower prices of food, electricity, water and cooking gas.
However, the prices of transport and gas/LPG increased slightly in the same period.
Inflation rate is within its target range of 5% plus or minus 2.5 percentage points which CBKS uses to monitor the macroeconomic situation and take appropriate measures to ensure price stability.
Also Read: Inflation Eases Slightly in November Despite High Commodity Prices
During the month, the price of a litre of kerosene dropped by 0.5pc while that of petrol and diesel eased by 0.5%. However, the transport index went up by 0.2%.
Consumers however felt a 4.3pc increase in the prices of gas/LPG.
The Food and Non-Alcoholic Beverages Index rose by 0.3pc between January 2024 and February 2024.
