An increase in core inflation--the change in the costs of goods and services excluding those from the food and energy sectors—has triggered fresh concerns of pressure on interest rates ahead of Tuesday, when the monetary policy team of the Central Bank of Kenya(CBK) sets its new indicative lending rate.
CBK data shows that core inflation edged up to 3.6 percent in January 2024 from 3.4 percent in December, a three-month high rate.
