Kenya: Inflation up as cost of food soars

Persistent increases in the cost of food coupled with high world oil prices pose the biggest challenge to keeping inflation in check. The Central Bank of Kenya says that the expected long rains in March could help mitigate the problem, but there is still need to allay fears of persistent inflation. Releasing the 17th Monetary Policy Statement, CBK governor said the CBK continues to seek the five per cent inflation target, despite the challenges.