REUTERS
Central Bank of Kenya (CBK) governor Patrick Njoroge said on Tuesday he was comfortable with the level of inflation even though November’s headline number of 7.32 per cent was elevated after rains washed away roads and prevented produce reaching markets.
The latest Kenya National Bureau of Statistics (KNBS) data showed that inflation rose from 6.72 per cent in October to 7.32 per cent in November. This marked the highest level since August 2014 when it stood at 8.36 per cent.
Mr Njoroge also said reserves had reached $7.2 billion, equivalent to well over four months of import cover. The reserves have increased for three straight weeks since November 27.
