Economy

Kenya's Inflation up to 3.5% in February

The central bank said inflation was expected to remain below the midpoint of the 2.5%-7.5% target range in the near term.

Kenya’s annual consumer inflation rose for the fourth month in a row to 3.5% in February from 3.3% in January, the statistics office said on Friday.

Core inflation remained at 2.0% in February, unchanged from January, while non-core inflation rose to 8.2% in February from 7.1% the previous month, the Kenya National Bureau of Statistics said in a statement.

The Central Bank of Kenya (CBK) cut its main interest rate for the fourth meeting in a row to 10.75% on February 5, saying it wanted to do more to support lending and boost economic growth.

The central bank said inflation was expected to remain below the midpoint of the 2.5%-7.5% target range in the near term.

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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.

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