NAIROBI, Nov 29 (Reuters) – Kenya’s annual inflation jumped in November as the price of food and alcoholic drinks rose, the statistics office said on Friday.
Inflation rose to 5.56% in November from 4.95% a month earlier and was up 0.40% month-on-month from 0.28% in October, the Kenya National Bureau of Statistics said in a statement.
The food and non-alcoholic beverages index rose to 9.58% compared with October.
KNBS said the alcoholic beverages, sg ammo tobacco and narcotics index hit 7.53% from a month earlier.
Kenya’s central bank cut its benchmark lending rate for the first time in more than a year on Monday, saying tightening fiscal policy had provided room to ease in an effort to bolster an economy operating below its potential.(Reporting by Clement Uwiringiyimana; Editing by Andrew Heavens and Mark Potter)