The level is the lowest record in the past four years, as a similar mark was last recorded in June 2020.
A recent Infotrak poll showed the majority of Kenyans — 58 per cent — felt the country was headed in the wrong direction economically
The bank hiked rates in December and February to stabilise the exchange rate and help bring stubborn inflation under control.
According to the latest African Economic Outlook by the African Development Bank (AfDB), the region is poised to record a 4.9 per cent GDP growth, the highest on the continent.
The prices of spinach, kale (sukuma wiki), tomatoes, and Irish potatoes increased by 18.2 per cent, 15 per cent, 14 per cent, and 6.2 per cent, respectively.
This worrying trend highlights the desperate measures individuals are taking to survive harsh economic realities.
KEBS said the 2023 growth was primarily driven by a 19 per cent expansion in agriculture, forestry, and fishing.
Inflation in Kenya will remain one of the most-tamed in the region apart from South Africa, slowing to an average of 5.6% next year compared with 6.3% this year, the poll found.
The IMF action, repeatedly postponed and eagerly awaited by the Egyptian government, arrives at a time of mounting difficulties for its economy.
According to the latest World Bank estimates, the inflation rate in Ethiopia has surged to nearly 34 per cent, a figure that many citizens contend is inaccurate.
Many poor Nigerians have had to skip meals and give up products such as meat, eggs and milk, while in the north the economic crisis has forced people to eat poor-grade rice used as fish food.
As inflation skyrockets, many poor Nigerians have had to skip meals and give up products now considered a luxury, such as meat, eggs and milk.
Dire conditions have sparked protests in several northern cities including Suleja near the capital Abuja, Minna in Niger State, and the economic hub of Kano.
Inflation rates exceeded 50 per cent in 2022, and the stable West African country accepted a $3 billion International Monetary Fund (IMF) bailout after the Ghanaian cedi lost half of its value.
Onion prices have remained elevated over the past year due to a local shortage of the vegetable.
Central Bank of Kenya Governor Kamau Thugge had acknowledged concerns about the country's ability to repay the 10-year Eurobond when it matures in June.
The general price level of commodities reflected a continued rise in the cost of living for many households.
Amid a severe foreign currency crunch, the US dollar has become hard to come by as the Egyptian pound is plunging and inflation is surging at 35 per cent.
The prices of potatoes, tomatoes and oranges increased by 9.6 per cent, 5.4 per cent and 2.8 per cent respectively between September and October.