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maina20
#16 Posted : Monday, October 15, 2012 12:41:15 PM
Rank: Member

Joined: 7/21/2010
Posts: 249
Location: nairobi
sitaki.kujulikana wrote:
do the price changes really have a big affect, apart from the rise in pump prices and electricity cost doing up - I have not yet seen matatus raising fare because of the increase, or a plate of chips going up because the cost of transporting the potatoes went slightly up.

Its just a few big people/businesses who benefit from the increase

most of the prices you see in the market( fare, chips, transport ya potato...etc) were set when the price of fuel per litre was at the pick( ksh 121 per ltre)... so , its boom business untill we get back to the pick...and if we get a new pick, then , new prices....
..desire to succeed is always fighting with fear of failure..
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hisah
#17 Posted : Monday, October 15, 2012 12:48:58 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USD/KES @88/- is the line in the sand. Once that level is breached, inflation will pop up. So I expect CBK to guard that USD rate with whatever tools they have.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Kaigangio
#18 Posted : Tuesday, October 16, 2012 10:16:28 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
mwekez@ji wrote:
@impunity @maka @Kaigangio, you need Economics 101. While on inflation, understand what 'a basket of goods' is all about

In the mean time, read, "Inflation rate to dip below 5pc, say analysts", link


Forget about those books sir...What i know as a layman is that whenever the fuel price goes up everything else that depends on it goes up...the margin is irrelevant...
...besides, the presence of a safe alone does not signify that there is money inside...
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Kaigangio
#19 Posted : Tuesday, October 16, 2012 10:20:02 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
chiaroscuro wrote:
People have forgotten that these prices are arrived at after a very comprehensive calculation using the formula that was discussed at great length between the regulator, the suppliers, the major consumers and the general public...

The prices are not determined by lobbying.


Do you @ chiaroscuro think that the formular is always applicable...

I now think the ERC apply that formular only in January and not any other month of the year...the reason: See here...

http://www.nation.co.ke/.../-/focsb0z/-/index.html
...besides, the presence of a safe alone does not signify that there is money inside...
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McReggae
#20 Posted : Tuesday, October 16, 2012 10:21:08 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
maina20 wrote:
sitaki.kujulikana wrote:
do the price changes really have a big affect, apart from the rise in pump prices and electricity cost doing up - I have not yet seen matatus raising fare because of the increase, or a plate of chips going up because the cost of transporting the potatoes went slightly up.

Its just a few big people/businesses who benefit from the increase

most of the prices you see in the market( fare, chips, transport ya potato...etc) were set when the price of fuel per litre was at the pick( ksh 121 per ltre)... so , its boom business untill we get back to the pick...and if we get a new pick, then , new prices....



PEAK
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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mwekez@ji
#21 Posted : Tuesday, October 16, 2012 11:20:24 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kaigangio wrote:
mwekez@ji wrote:
@impunity @maka @Kaigangio, you need Economics 101. While on inflation, understand what 'a basket of goods' is all about

In the mean time, read, "Inflation rate to dip below 5pc, say analysts", link


Forget about those books sir...What i know as a layman is that whenever the fuel price goes up everything else that depends on it goes up...the margin is irrelevant...


I choose to forget about your ignorance. Yeh, ignorance, coz your is not arrogance
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washiku
#22 Posted : Tuesday, May 14, 2013 6:03:16 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Petrol prices down by Sh4.41 a litre; Diesel down by Sh5.38 a litre.
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