Posted 3/31/2024, 3:30:13 PM
Kenya's Inflation Hits 23-Month Low as Prices Ease Economic Strain
- Kenya's inflation fell to 5.7% in March, a 23-month low and the second straight monthly decline
- Drop driven by lower prices for transport, housing, electricity, food and beverages
- Inflation was 9.2% in March last year, showing a steady decline
- Gasoline prices also fell for the first time since August, dropping over Ksh7 per liter
- Lower inflation easing economic strain, especially for low-income households