Kenya’s inflation rises slightly in September on food, transport

NAIROBI (Reuters) -Kenya’s inflation rose slightly to 4.6% year-on-year in September, up from 4.5% the previous month, the statistics office said on Tuesday.

The increase was chiefly driven by a rise in prices of food and non-alcoholic drinks, transport, and housing, water, electricity, gas and other fuels, the Kenya National Bureau of Statistics said in a report.

Month-on-month inflation was at 0.2% in September, it said.

The central bank targets year-on-year inflation of between 2.5% and 7.5%.

In August, the bank cut its benchmark lending rate by 25 basis points, saying there was room to ease monetary policy further as inflation was well within its target.

(Reporting by Hereward Holland;Editing by Alexander Winning)

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