Kenya: Inflation jumps to ten-month high February
Consumer prices increased 1.38% over the previous month in February, up markedly from January’s 0.31% rise, and marking the fastest increase since April 2019. February’s reading largely reflected a notable rise in the price for food and non-alcoholic beverages.
Meanwhile, inflation jumped to 6.4% in February, up from 5.8% in January, marking the highest print in 10 months. Thus inflation, moved further above the midpoint of the Central Bank’s 2.5%–7.5% target range. Lastly, annual average inflation rose to 5.5%, up from January’s 5.3%.