Kenya's Consumer Price Index (CPI) saw a significant decline in September 2024, dropping to 3.60% from the previous month's 4.40%, according to the latest data released on October 2, 2024. The year-over-year comparison highlights a notable easing in inflationary pressures in the country.
In August 2024, the CPI had reached a peak of 4.40%, marking the highest inflation rate in recent months when compared to the same month in the previous year. The sharp reduction to 3.60% in September suggests improved stability in the price levels for goods and services, a positive sign for the Kenyan economy and consumers alike.
The updated figures, reflecting comparisons to the same period a year ago, provide critical insight into the inflation trends and economic conditions faced by Kenya. With inflation easing, policymakers and businesses are likely to find some relief, as they continue to navigate the post-pandemic economic landscape. The latest data will be a crucial factor for future economic decisions and outlooks in the country.
