Kenya inflation rises to 8% y/y in May
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A customer stands in front of the bread section at a supermarket in Nairobi, Kenya May 8, 2017. Picture taken May 8, 2017. REUTERS/Baz Ratner
NAIROBI, May 31 (Reuters) - Kenya's inflation (KECPI=ECI) rose to 8% year-on-year in May, from 7.9% last month, data from the statistics office showed on Wednesday.
On a monthly basis, May inflation was at 0.9% compared to 0.5% in April, the Kenya National Bureau of Statistics said in a statement.
The government has a preferred inflation range of 2.5%-7.5% in the medium term.
Reporting by George Obulutsa and Bhargav Acharya
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Wednesday, May 31, 2023 at 3:51 pm