Kenya’s inflation edges as much as 2.8% 12 months on 12 months in November

NAIROBI (Reuters) – Kenya’s inflation edged as much as 2.8% year-on-year in November, from 2.7% a month earlier, the statistics workplace mentioned on Friday.

On a month-to-month foundation, inflation was 0.3% in contrast with 0.2% in October, the Kenya Nationwide Bureau of Statistics mentioned in an announcement.

Kenya targets an inflation charge of between 2.5% and seven.5% within the medium time period.

The central financial institution is because of announce its newest benchmark lending charge determination on Dec. 5. In October, the financial institution reduce its charge to 12.00% from 12.75%.