Inflation in Kenya slowed in August, helped by a month-on-month fall in food prices, the Kenya National Bureau of Statistics (KNBS) said on Thursday.
Inflation was 6.7% year-on-year in August from 7.3% a month earlier, while on a monthly basis inflation was -0.1% from 0.1% a month earlier.
Kenya has a preferred inflation band of 2.5%-7.5% in the medium term.
When the year-on-year inflation rate fell in July, it was the first time it had returned to within the government’s preferred band since May 2022.
Food and non-alcoholic beverages index fell by 0.5% in August from a month earlier. The index has a 32.91% weighting in calculating Kenyan inflation.
In July, the Central Bank of Kenya (CBK) held its benchmark lending rate at 10.5%, citing falling inflation.