Relief as inflation rate hits lowest level ever

Annual inflation slowed to 3.20 per cent in December, down from 3.25 per cent last month, to equal the historical lowest level recorded in October 2010. This slowing inflation during the first two weeks of December was mainly attributed to lower food prices. Kenya’s inflation was at its all time high of 31.5 per cent in May of 2008 as a result of political upheavals arising from a disputed presidential election...