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INFLATION FINALLY BEGINS TO EASE
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youcan'tstopusnow
#1 Posted : Wednesday, December 28, 2011 7:25:09 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The rate of inflation has
reduced for the first time this year, raising hopes that the rising cost of living will not spill into next year.
Official data from the Kenya National Bureau of Statistics show that the rate of inflation in December slowed down to 18.93 per cent from 19.72 per cent reported in November, mainly helped by a stronger shilling and reduction in cost of major food items, electricity and fuel.
http://www.nation.co.ke/...006/1296656/-/o9udaqz/-/
GOD BLESS YOUR LIFE
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  | | Edit by user: Wednesday, December 28, 2011 7:28 PM | Reason: Not specified
hisah
#2 Posted : Wednesday, December 28, 2011 7:32:15 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Quote:
Official data from the Kenya National Bureau of Statistics show that the rate of inflation in December slowed down to 18.93 per cent from 19.72 per cent reported in November, mainly helped by a stronger shilling and reduction in cost of major food items, electricity and fuel.


Strong shilling indeed... Liar Now that inflation has peaked why dont CBK scrap their dubious forex controls smile

Keep an eye on the global oil prices, they're coiling up for a bullish breakout...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#3 Posted : Wednesday, December 28, 2011 7:47:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,365
Location: Nairobi
If oil goes to $125 then forget any price cuts at the pump...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#4 Posted : Monday, January 09, 2012 2:00:19 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sigh of relief as fuel prices to fall further by Sh3-7 margin
BY JAMES WAMBUA
jmwambua@ke.nationmedia.com

Kenyans have a reason to smile as the energy
regulator projects that maximum price for petroleum products will decline in a week’s time.

According to the Energy Regulatory Commission
(ERC), provisional calculations give reductions at approximately Sh3.50 to Sh4.50 for Super Petrol and Sh6.00 to Sh7.00 for Kerosene and Diesel respectively.

ERC’s director general Kaburu Mwirichia said international prices of crude oil, its refined products and the average mean exchange
rate, the two main factors driving the retail prices of petroleum in the country,
were on a positive trend during the period November to December 2011.

“Taking these trends into account, the next price review due on 15th January is expected to yield a reduction of pump prices. The exact dropping charges will be announced after the
calculations are finalised,” said Mr Mwirichia

...

The average mean exchange rate of the shilling
to the dollar improved by 7.4 per cent from 93.64 in November to 86.66 in December 2011.

There has been a steady drop of fuel prices in the last one month following the strengthening of the shilling against the major world currencies.

Woop! Woop!Drool
GOD BLESS YOUR LIFE
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  | | Edit by user: Monday, January 09, 2012 2:03 PM | Reason: Not specified
Cde Monomotapa
#5 Posted : Monday, January 09, 2012 2:19:28 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Sigh of relief as fuel prices to fall further by Sh3-7 margin
BY JAMES WAMBUA
jmwambua@ke.nationmedia.com

Kenyans have a reason to smile as the energy
regulator projects that maximum price for petroleum products will decline in a week’s time.

According to the Energy Regulatory Commission
(ERC), provisional calculations give reductions at approximately Sh3.50 to Sh4.50 for Super Petrol and Sh6.00 to Sh7.00 for Kerosene and Diesel respectively.

ERC’s director general Kaburu Mwirichia said international prices of crude oil, its refined products and the average mean exchange
rate, the two main factors driving the retail prices of petroleum in the country,
were on a positive trend during the period November to December 2011.

“Taking these trends into account, the next price review due on 15th January is expected to yield a reduction of pump prices. The exact dropping charges will be announced after the
calculations are finalised,” said Mr Mwirichia

...

The average mean exchange rate of the shilling
to the dollar improved by 7.4 per cent from 93.64 in November to 86.66 in December 2011.

There has been a steady drop of fuel prices in the last one month following the strengthening of the shilling against the major world currencies.

Woop! Woop!Drool

Laughing out loudly Laughing out loudly
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youcan'tstopusnow
#6 Posted : Monday, January 09, 2012 2:24:58 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Don't be surprised to hear the Matatu Welfare Association calling for a strike on Monday arguing that the drop is not enough. Nkt!
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#7 Posted : Monday, January 09, 2012 2:26:53 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
And aren't these 'updates' given so enthusiastically by the MOE nowadays similar to the ones KK was giving before they were banned from doing so?

Trust KK to lead the way...
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bwenyenye
#8 Posted : Monday, January 09, 2012 2:27:34 PM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
I read somewhere that the PSV insurance premiums have been Doubled!!!! They had just 4 days to pay up! How does this country work?
I Think Therefore I Am
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Aguytrying
#9 Posted : Monday, January 09, 2012 4:25:02 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
It will be a relief, However lets not forget when fuel was at 99-100. Thats the target. 115 is still too high
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#10 Posted : Monday, January 09, 2012 4:37:19 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
http://www.time.com/time.../0,8599,2104014,00.html

Convert to Kshs. increase from 39/= to 80/=. These lucky nigerians. Looks like the atwoli of "niger oh" is more effective.
The investor's chief problem - and even his worst enemy - is likely to be himself
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