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Inflation Drops to 4.73 Percent in November

BY Juma · November 30, 2017 04:11 pm

The Kenyan inflation rate has dropped to 4.73 percent for the month of November according to stats released by Kenya National Bureau of Statistics (KNBS).

This is the first time the inflation rate is falling below 5 percent since February 2013 where it was at 4.45 percent.

KNBS has attributed the current drop in inflation to the reduction in food prices between the month of October and November.

Food prices account for more than 36 percent of all the items that are used to calculate inflation.

The inflation would have dropped further was it not for the recent increase in fuel prices that is leading to a rise in manufactured goods.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

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