This is what 'inflation at a 2-year low' feels like

The Kenya National Bureau of Statistics (KNBS) acts as the principal agency of the Government for collecting, analysing and disseminating statistical data in Kenya. Every month they release inflation data.

What happened?

Kenya's inflation dropped to a record 24-month low in April to 5% from 5.7% in March, the latest data from the KNBS shows, as prices of key food commodities continued to fall.

Between the lines

The continued drop comes despite some price rises on some indices. Major contributors to April's year-on-year price rises included transport, food and non-alcoholic beverages, and housing, water, electricity, gas and other fuels.

Sentiment: Positive.

Should you care?

The drop comes after the Central Bank of Kenya (CBK) last month held the CBR at 13.0%, to allow inflation to continue declining to the desired level. The decision to hold the CBR steady followed rate hikes in December and February that were aimed at stabilising the exchange rate and helping stubborn inflation to start falling. If you missed last week's explainer, take a quick look to better see how these connect.