Kenya’s Inflation Drops to 3.6% in September Amid Economic Adjustments

Kenya’s inflation rate eased to 3.6% year-on-year in September, down from 4.4% in August, according to a report by the Kenya National Bureau of Statistics. On a month-to-month basis, inflation increased slightly to 0.2%, compared to 0.0% the previous month.

The Kenyan government aims to keep inflation within a target range of 2.5% to 7.5% in the medium term. The Central Bank of Kenya is set to announce its next interest rate decision on October 8. In August, the central bank cut its benchmark lending rate by 25 basis points, citing room for gradual policy easing as inflation moved below the midpoint of its target range.