CBK-favoured inflation gauge falls to 7-month low

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Central Bank of Kenya Governor Dr Kamau Thugge at a past event on July 17, 2023. PHOTO | LUCY WANJIRU | NMG

Non-food, non-fuel inflation or core inflation, the Central Bank of Kenya's favoured gauge for the cost of living, has fallen to a seven-month low of 3.8 percent.

This signals the success from the CBK's recent monetary policy tightening in late June when it raised the benchmark Central Bank Rate to 10.5 percent from 9.5 percent to contain inflation expectations.

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Note: The results are not exact but very close to the actual.