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Kenya’s year-on-year inflation dropped to 4.9% in April 2024—the lowest since March 2021—thanks to stable food prices, a stronger shilling, and subdued fuel costs. The Kenya National Bureau of Statistics reported food inflation at 5.2%, down from 8.7% a year earlier, as maize and vegetable supplies improved. Core inflation (excluding food and fuel) stood at 4.1%, signaling broad price stability. The Central Bank noted that tight monetary policy and fiscal discipline were paying off. Analysts predict the rate will remain within the 2.5–7.5% target band through 2024, supporting household consumption and business planning. However, El Niño-related flooding in some regions could disrupt supply chains in Q3.