Inflation & Prices
Kenya Inflation Quickens to Three-Month High as Food Prices Jump
A vendor sorts green beans at a store at a market in Nairobi.
Photographer: Patrick Meinhardt/BloombergKenya’s annual inflation rate climbed to a three-month high in July on tight supplies of vegetables and corn, the nation’s staple.
Consumer prices rose 4.1% in July compared with 3.8% a month earlier, the Kenya National Bureau of Statistics said Thursday in an emailed statement. That matched the median estimate of five economists in a Bloomberg survey and the monetary policy committee’s projected level for July.