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Inflation eases to 5.53 percent as food prices fall

A marked reduction in the prices of foodstuff contributed to a slower growth in the price of goods and services in October, new data shows.

A marked reduction in the prices of foodstuff contributed to a slower growth in the price of goods and services in October, new data shows.

The latest figures from the Kenya National Bureau of Statistics (KNBS) released yesterday showed that consumer prices in the economy increased by 5.5 per cent in October compared with 5.7 per cent in the previous month. This was largely on the back of a reduction in the price of maize following a bumper harvest of the grain.

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