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Investing.com -- The inflation rate in Kenya dropped to 3.8% year-on-year in May, down from 4.1% in the previous month, according to data released by the statistics office on Friday.
This puts the inflation rate well within the target range of 2.5% to 7.5% set by the country’s central bank.
In terms of month-on-month inflation, the rate increased slightly to 0.5% in May, up from 0.3% in the month prior, as reported by the Kenya National Bureau of Statistics.
The office also noted an increase in the food and non-alcoholic beverages index. This index saw a rise of 6.3% when compared with the same month in 2024.
The transport index also experienced an increase, growing by 2.3% over the same period.
Despite the fluctuations, Kenya’s inflation remains comfortably within the parameters set by the central bank, indicating a stable economic environment.
The data provides a key indicator of the country’s economic health, with inflation reflecting the rate at which the general level of prices for goods and services is rising.
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