On Monday, the central bank held its benchmark lending rate steady at 8.75%, saying its last rate hike in November was still working its way through the economy. (Reporting by George Obulutsa; Editing by Alexander Winning)
george.obulutsa.thomsonreuters.com@reuters.net)) (Adds details, background)
NAIROBI, Jan 31 (Reuters) - Kenya's inflation slowed to 9.0% year-on-year in January from 9.1% a
month earlier, the statistics office said on Tuesday.
It is the third straight month that Kenya's inflation has
fallen. It hit 9.6% in October, its highest level since May
2017. January's inflation is still above the government's
preferred band of 2.5%-7.5%.
On a monthly basis, inflation was 0.2% compared with 0.5% in
December, the Kenya National Bureau of Statistics said in a
statement.
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