finance
Kenyan Inflation Reaches More Than Two-Year High in May
Kenyan inflation rose to its highest level in more than two years during May. The increase followed a sharp rise in local fuel prices linked to the Iran conflict.
May 29, 4:12 AM·1m read1 source
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Kenyan inflation accelerated to a more than two-year high in May. The rise was driven by a sharp increase in local fuel prices tied to the Iran conflict. The higher fuel costs pushed up transportation and production expenses across the economy. Officials have not yet released additional details on the monthly price data.
Fuel accounts for a significant share of household and business spending in Kenya. Continued volatility in global oil markets could keep upward pressure on consumer prices in the months ahead.
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