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    Friday, August 21

    Inflation Rate Increases to 4.4% in Kenya

    Julius AlagbeBy Inside Africa No Comments1 Min Read
    Inflation Rate Increases to 4.4% in Kenya
    Williams Ruto

    Inflation Rate Increases to 4.4% in Kenya

    The consumer price index that measures inflation rate in Kenya surged to 4.4% year-on-year in August from 4.3% in July, data from the statistics office showed on Friday.

    On Month on Month reading, inflation was flat at 0.0% from -0.2% in July, the Kenya National Bureau of Statistics said in a statement.

    As part of an effort to achieve price stability, the Kenyan government targets an inflation rate of between 2.5% and 7.5% in the medium term.

    Kenya’s central bank cut its benchmark lending rate by 25 basis points earlier this month, saying there was scope to ease policy gradually as inflation had fallen below the midpoint of its target range. #Inflation Rate Increases to 4.4% in Kenya

    10-Year US Treasury Yield Climbs to 3.87%

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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