NAIROBI, April 30 (Reuters) – Kenya’s inflation rate KECPI=ECI in April rose to 4.1% year-on-year, up from 3.6% a month before, the statistics office said on Wednesday.
On a monthly basis, inflation was at 0.3% in April, the Kenya National Bureau of Statistics said in a statement.
Kenya’s inflation rate has risen steadily since a low of 2.7% in October, but remains well within the central bank’s 2.5% to 7.5% target range.
Earlier this month Kenya’s central bank cut its policy interest rate for the fifth meeting in a row to KECBIR=ECI 10.0%, a surprise move aimed at further stimulating private sector lending.
(Reporting by Hereward Holland; Editing by Christian Schmollinger and Christopher Cushing)
