Kenya Economy 2022 Ends With Fastest Average Inflation in Five Years

Kenya’s inflation slowed in December to average 7.7% this year, the fastest pace since 2017 when a severe drought drove up food costs.

Consumer prices rose 9.1% from a year earlier, compared with 9.5% in November, the Nairobi-based Kenya National Bureau of Statistics said in an emailed statement on Friday. Prices rose 0.5% in the month, from 0.3% in November.