Inflation falls to over 17-year low on declining food, energy costs

A trader arranges groceries at the Nyeri market. Inflation fell to 2.7 percent in October 2024.

Photo credit: File | Nation Media Group

Average prices of goods and services rose at the slowest pace in more than 17 years in October on lower food and energy costs, signalling a further drop in interest rates in coming months.

Inflation — a measure of increase in cost of goods and services year-on-year— fell to 2.7 percent from 3.6 percent in September, the Kenya National Bureau of Statistics (KNBS) said.

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