NAIROBI (Multibagger) - Kenya's inflation fell to 3.6% year-on-year in September from 4.4% a month earlier, the statistics office said on Wednesday.
On a month-on-month basis inflation was at 0.2% from 0.0% a month earlier, the Kenya National Bureau of Statistics said in a statement.
The Kenyan government targets an inflation rate of between 2.5% and 7.5% in the medium term.
The central bank is due to announce its next interest rate decision on Oct. 8.
It cut its benchmark lending rate by 25 basis points in August, saying there was scope to ease policy gradually as inflation had fallen below the midpoint of its target range.
## Analysis:
Kenya's inflation rate is an important economic indicator that measures the change in prices of goods and services over time. A lower inflation rate, like the one seen in September, can indicate a stable economy and may lead to lower interest rates set by the central bank. This can affect individuals and businesses by influencing borrowing costs and the overall cost of living. It is important for investors and financial market participants to monitor inflation rates and central bank decisions to make informed decisions about their investments and financial strategies.