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Kenya February Inflation Up

FILE: A boy plays in a supermarket shopping cart as other shoppers visit the Westgate Shopping Mall, in the capital Nairobi, Kenya. Taken Sat. Jul. 18, 2015.

Kenya's inflation rose to 9.2% year-on-year in February from 9.0% a month earlier, the statistics office said on Tuesday, largely driven by food and transport prices.

On a monthly basis, inflation was 0.6% compared with 0.2% in January, the Kenya National Bureau of Statistics said in a statement.

February's inflation rate has broken three consecutive months when the rate fell. It rose to 9.6% in October, its highest level since May 2017. February's rate is still above the government's preferred range of 2.5% to 7.5%.

In January, the central bank held its benchmark lending rate steady at 8.75%, saying its rate hike in November was still working its way through the economy.