NAIROBI, Kenya, Oct 31 – Kenya’s inflation rate fell to 2.7 percent in October, its lowest in about 12 years, as food, electricity, and fuel prices declined, according to new data from the Kenya National Bureau of Statistics (KNBS).
The drop follows September’s 3.6 percent rate, marking the lowest since December 2012’s 3.2 percent.
Key drivers include price decreases in essential items: sugar, maize flour, wheat flour, kerosene, and petrol, while electricity prices saw slight increases.
“During the same period, however, prices of 50 kWh of electricity and 200 kWh of electricity increased by 0.3 per cent and 0.2 per cent, respectively,” KNBS said in its monthly inflation data released today.
The inflation decline aligns with the Kenyan Shilling’s recent stability and the Central Bank of Kenya’s interest rate cut to 12 percent to support credit uptake amid reduced inflation.
