Kenya inflation hits 6.7 percent on fuel price hikes
Kenya's inflation rose to 6.7% in May, the highest since early 2024, as fuel prices climbed due to the Iran war. Transport and food costs drove the increase.
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Kenya inflation rose to 6.7% in May as fuel price hikes pushed the rate to its highest level since January 2024. The rate accelerated from 5.6% in April, placing it in the middle-to-upper portion of the government's 2.5% to 7.5% target range. Rising price pressures increase the likelihood of a hawkish shift at the central bank's upcoming interest rate meeting.
