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Tuesday, April 30, 2019

Inflation shoots up to 6.58 per cent in April

Local retailers secured the lion's share Sh429 billion from lendersReuters  Kenya’s inflation shot up to 6.58 percent year-on-year in April from 4.35 percent a month earlier, due to rising food, electricity and fuel prices, the statistics office said on Tuesday. On a month-on-month basis, inflation was 3.51 percent, up from 1.60 percent in March. The food and non-alcoholic index rose 6.86 percent month-on-month in April from 3.30 percent the previous month, the Kenya National Bureau of Statistics said in a statement.

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