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and the inflation rate for may is.....
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kizee1
#1 Posted : Tuesday, May 31, 2011 9:25:30 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
ladies and gents, up a modest(modest by kenyan standards in any case) 90 basis points, from 12.05 to 12.95
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Cde Monomotapa
#2 Posted : Tuesday, May 31, 2011 9:27:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
kizee1 wrote:
ladies and gents, up a modest(modest by kenyan standards in any case) 90 basis points, from 12.05 to 12.95

Not bad.
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invest0r
#3 Posted : Tuesday, May 31, 2011 9:47:20 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
Not good at all. For 7 consecutive months the inflation has been going up and up. To me, it sound like are having a government that has been sleeping on its job for the 7 months!!!
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kizee1
#4 Posted : Tuesday, May 31, 2011 10:13:51 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Cde Monomotapa wrote:
kizee1 wrote:
ladies and gents, up a modest(modest by kenyan standards in any case) 90 basis points, from 12.05 to 12.95

Not bad.



90 basis points up, u have got to be kidding me!
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KulaRaha
#5 Posted : Tuesday, May 31, 2011 10:37:54 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Thats a 7.2% increase, looks like inflation is tapering off...high interest rates here to stay??
Business opportunities are like buses,there's always another one coming
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kizee1
#6 Posted : Tuesday, May 31, 2011 11:05:52 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
KulaRaha wrote:
Thats a 7.2% increase, looks like inflation is tapering off...high interest rates here to stay??



i think so, we should still expect drought this year right?
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Barrywhite
#7 Posted : Tuesday, May 31, 2011 11:07:11 AM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi

Could be worsened however by electricity tariff revision upwards. I hope that will be held at current levels in the foreseeable future.
The laudable is more often than not rendered laughable by overclaim
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Sufficiently Philanga....thropic
#8 Posted : Tuesday, May 31, 2011 12:15:47 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Blame it all on the oil mess sparked by the Arab awekening. When will we ever discover our own oil or atleast tap inot our neighbours discovered oil deposits?
Everything is damn up, i pitty those guys who rushed into the 30 year bond! They will be stuck there for as long as the interest rates keep going up!
@SufficientlyP
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Robinhood
#9 Posted : Tuesday, May 31, 2011 12:24:04 PM
Rank: Elder

Joined: 12/11/2008
Posts: 2,306
Mmmmh, I also hear that oil prices may be beginning to cool off. Wacha tuone.
Great men are not always wise, neither do the aged understand judgement...
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KulaRaha
#10 Posted : Tuesday, May 31, 2011 12:26:13 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Kenya's CPI basket of goods used to calculate inflation:

Food & Non-Alcoholic Beverages 36.04%
Alcoholic Beverages, Tobacco & Narcotics 2.06%
Clothing & Footwear 7.43%
Housing, Water, Electricity, Gas and other
Fuels 18.3%
Furnishings, Household Equipment and Routine Household Maintenance 6.16%
Health 3.13%
Transport 8.66%
Communication 3.82%
Recreation & Culture 2.25%
Education 3.14%
Restaurant & Hotels 4.48%
Miscellaneous Goods & Services 4.52%

Interesting, we spend almost the same on Narcotics as we do on health, more on restaurants than education.

Peculiar habits.


Business opportunities are like buses,there's always another one coming
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  | | Edit by user: Tuesday, May 31, 2011 12:32 PM | Reason: Not specified
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