Kenya’s inflation dropped to a six month low in February to 4.14 per cent compared to 4.04 per cent recorded in August last year. Kenya National Bureau of Statistics attributed the drop to reduced fuel prices that led to a cut in transport costs resulting in low food prices. Mid last month, the Energy Regulatory Commission (ERC) reduced the price of petrol, diesel and kerosene by Sh4.12, Sh6.28, and Sh5.20 per litre respectively. On the other hand, a significant decrease in pump prices since December saw the index on transport drop by 0.50 per cent. These lower prices contributed to a relatively low overall inflation in February 2019,” said KNBS.

Source: The Star February 28, 2019 15:45 UTC