Kenya’s year-on-year inflation fell to 7.3 percent in July from 7.9 percent in June.
The Kenya National Bureau of Statistics (KNBS) attributed the drop to falling food prices.
Inflation was 0.1% on a monthly basis compared with 0.8% in June, said KNBS in a statement Monday.
The food and non-alcoholic beverages index fell by 0.5% in July from a month earlier.
The index has a 32.91% weighting in calculating Kenyan inflation.
The drop is within the Central Bank of Kenya’s (CBK) band of 2.5%-7.5% in the medium term.
Quantitative tightening on inflationary pressure appears to be working following a record 10.5% benchmarking rate by the CBK in June from 9.5% in May.
