Kenya inflation rises to 8% year-on-year in May

NAIROBI (Reuters) – Kenya’s inflation rose to 8% year-on-year in May, from 7.9% last month, data from the statistics office showed on Wednesday.

On a monthly basis, May inflation was at 0.9% compared to 0.5% in April, the Kenya National Bureau of Statistics said in a statement.

The government has a preferred inflation range of 2.5%-7.5% in the medium term.

(Reporting by George Obulutsa and Bhargav Acharya)

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