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NAIROBI Wholesale MLB Jerseys China , July 18 (Xinhua) -- Kenya's overall inflation rate isexpected to drop to within the target range of 7.5 percent in thenext two months, the country's apex bank on Tuesday.


Central Bank of Kenya (CBK) Governor Professor Patrick Njorogetold a media briefing in Nairobi that the decline from the currentlevel of 9.2 percent will be largely driven by lower foodprices.


"As of now Wholesale MLB Jerseys , Kenya is on very solid ground to reduce itsinflation rate to less than 7.5 percent. Currently, it is difficultto get more precise projections because they will depend on theprice of the common staples food Wholesale Authentic Jerseys ," Njoroge said.


The apex bank has set an inflation target of between 2.5 and 7.5percent.


Njoroge added that overall inflation in the country has been ondownward trend lately due to the impact of the recent rains on foodproduction as well as government measures to control rising foodprices.


He noted that the price of agricultural commodities are notdriven by monetary dynamics unlike other commodities.


On Monday, the Central Bank of Kenya's Monetary Policy Committeeretained the benchmark rate at 10 percent in order to continue toanchor inflation expectations.


According to the Governor Wholesale Jerseys Free Shipping , the agricultural sector is notperforming as well as the other sectors of the economy despite thelower food prices.


"The other sectors such as manufacturing, real estate Wholesale Jerseys Cheap ,Information and Communication Technology and transport havecontinued to show dynamism even with the slowdown in private sectorlending," Njoroge said. Enditem


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