Kenya: CBK Announces New Inflation Tracking System Excluding Maize Flour & Matatu Fares

To provide more clarity to Kenyans and companies on changes in prices of necessary commodities, the Kenya National Bureau of Statistics (KNBS) has unveiled a new inflation tracking framework.

In collaboration with the Central Bank of Kenya, KNBS launched a new framework to track the country’s inflation. Contrary to the previous framework where Kenya’s inflation rate was primarily calculated using the Consumer Price Index (CPI), inflation calculation will now incorporate core and non-core…