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Kenya’s inflation rate fell to 4.9% in October 2023

Kenyau2019s inflation rate fell to 4.9% in October 2023, down from 5.2% in September 2023. This is the lowest inflation rate since December 2021. The fall in inflation was driven by a decrease in the prices of food and energy. Food prices fell by 0.1% in October, while energy prices fell by 0.9%. The fall in inflation is a welcome development for the Kenyan economy. It will help to boost consumer purchasing power and stimulate economic growth.<br>For more details kindly visit here https://shazmeerjiwan.co.ke/kenyas-inflation-rate-fell-to-4-9-in-october-2023/<br>

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Kenya’s inflation rate fell to 4.9% in October 2023

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  1. Kenya’s Inflation Rate Fell To 4.9% In October 2023

  2. Kenya’s inflation rate fell to 4.9% in October 2023, down from 5.2% in September 2023. This is the lowest inflation rate since December 2021. The fall in inflation was driven by a decrease in the prices of food and energy. Food prices fell by 0.1% in October, while energy prices fell by 0.9%. The fall in inflation is a welcome development for the Kenyan economy. It will help to boost consumer purchasing power and stimulate economic growth.

  3. Factors Driving the Fall in Inflation The fall in inflation was driven by a number of factors, including: A good harvest in 2023, which led to an increase in food supply and a decrease in food prices A decrease in global oil prices, which led to a decrease in energy prices The government’s decision to reduce taxes on fuel

  4. Outlook Inflation is expected to remain within the government’s target range of 3.0% to 5.0% for the rest of 2023. However, there are a number of risks to the inflation outlook, including: Rising global food prices A weaker Kenyan shilling An increase in domestic demand

  5. For more details kindly visit here https://shazmeerjiwan.co.ke/kenyas-inflation-rate-fell-to-4-9- in-october-2023/

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