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Kenyan Inflation Tops Forecasts on Surging Cooking Oil Costs

  • Consumer prices rose 6.5% from year ago; median estimate 5.7%
  • Central bank interest-rate decision expected on May 30
Updated on

Kenya’s inflation surged more than anticipated in April stoked by higher prices of basic good and food items such as cooking oil.

Consumer prices rose 6.5% from a year earlier, compared with 5.6% in March, the Nairobi-based Kenya National Bureau of Statistics said Thursday in an emailed statement. The median estimate of three economists in a Bloomberg survey was 5.7%.