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Inflation rate maintains upward momentum, jumps to 7.67pc

Kenya’s inflation rose marginally to 7.67 per cent in the year to July, maintaining acceleration on the back of high food and energy prices. The rate was up from 7.39 per cent posted in June.

According to figures released by the Kenya National Bureau of Statistics (KNBS) yesterday, the 0.5 per cent month on month increase broke the Central Bank’s 7.5 per cent ceiling and analysts are cautioning that things could get worse.

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