Kenya's inflation under control, says CBK Governor Patrick Njoroge

CBK Governor Patrick Njoroge

Nairobi: Kenya's inflation is under control despite a food prices-driven uptick in June and pressure from recent increases in the fuel tax, the governor of the central bank said on Tuesday.

The year-on-year rate of inflation rose to 5.80 percent in June from 5 percent in May. The retail prices of fuel went up on July 15, ushering in more pressure on the rate.

"The MPC (Monetary Policy Committee) was quite comfortable with the dynamics," Governor Patrick Njoroge told a news conference.

Policymakers left the benchmark lending rate unchanged at 10.50 percent on Monday saying the pressure on inflation was temporary.