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October inflation eases to 17-month low on falling food prices
A fruits and vegetables trader: Food takes up the largest share of the basket of goods that is used to calculate inflation, making it the main driver of the cost of living. PHOTO | FILE
Kenya’s inflation fell to 5.72 per cent this month in October from 7.06 per cent in September helped by a drop in prices of several food items, the Kenya National Bureau of Statistics (KNBS) said in a statement on Tuesday.
This is the lowest level the cost of living index has hit since June 2016 when it was captured at 5.8 per cent.