Kenya: Inflation falls to almost-three-year low in April
April 29, 2016
In April, consumer prices rose 0.69% over the previous month, coming in below the 0.76% increase observed in March. April’s rise mainly reflected higher prices for food and non-alcoholic beverages.
Inflation fell for a fourth month in a row, dropping from 6.5% in March to 5.3% in April, which represented the lowest value since June 2013. As a result, inflation remained within the Central Bank’s inflation target range of 2.5 percentage points around its 5.0% target. Annual average inflation fell from 6.9% in March to 6.7% in April