Kenya’s inflation eases to 14-month low on food costs drop

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Kenya National Bureau of Statistics (KNBS) Director-General Macdonald Obudho at a past event on on January 17, 2023. PHOTO | DIANA NGILA | NMG

Kenya’s inflation rose by the slowest pace in nearly one and a half years in July on moderate price pressure on basic food items, the statistics agency reported Monday, defying a jump in fuel-induced transportation costs.

Inflation — a measure of the cost of living over the last 12 months— eased to 7.3 percent from 7.9 percent in June, the Kenya National Bureau of Statistics (KNBS) reported.

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