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INFLATION FINALLY BEGINS TO EASE
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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...  Now that inflation has peaked why dont CBK scrap their dubious forex controls  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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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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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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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Sigh of relief as fuel prices to fall further by Sh3-7 marginBY JAMES WAMBUA jmwambua@ke.nationmedia.comKenyans 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!  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Sigh of relief as fuel prices to fall further by Sh3-7 marginBY JAMES WAMBUA jmwambua@ke.nationmedia.comKenyans 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! 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Member Joined: 9/23/2011 Posts: 175 Location: Nairobi
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Aguytrying wrote:http://www.time.com/time/world/article/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.
looks like finding oil in your country doesn't translate to lower fuel prices.
you can never begin to understand this world.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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madammary wrote:Aguytrying wrote:http://www.time.com/time/world/article/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. looks like finding oil in your country doesn't translate to lower fuel prices. you can never begin to understand this world. In addition, subsidies have never been a smart idea in the longrun, especially in this boom-burst economic models we use.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:madammary wrote:Aguytrying wrote:http://www.time.com/time/world/article/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. looks like finding oil in your country doesn't translate to lower fuel prices. you can never begin to understand this world. In addition, subsidies have never been a smart idea in the longrun, especially in this boom-burst economic models we use. Blame it on mismanagement and corruption GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The next Ponzi Scheme to implode is Western unemployment benefits & welfare check system. Productivity supports social programs. Thus, as their productivity declines (recession) there will be a drop in remittance and then POP!! More blood on Main Street.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:The next Ponzi Scheme to implode is Western unemployment benefits & welfare check system. Productivity supports social programs. Thus, as their productivity declines (recession) there will be a drop in remittance and then POP!! More blood on Main Street. Hehe. Maybe then Africa will start supporting 'revolutions' like the way they did in Libya... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde Monomotapa wrote:The next Ponzi Scheme to implode is Western unemployment benefits & welfare check system. Productivity supports social programs. Thus, as their productivity declines (recession) there will be a drop in remittance and then POP!! More blood on Main Street. Hehe. Maybe then Africa will start supporting 'revolutions' like the way they did in Libya... Western Spring and we can install Obamas, Kamaus, Chinedus, Shingais, Wanjalas e.t.c all over the place
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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China gets their oil from Libya. Why isn't China involved? (Toppling Cde Gaddafi, R.I.P) They're going out spending billions of dollars a day on trying to take over the world economically. And we're spending billions and billions and billions of dollars on policing the world. Why isn't China involved with Libya? That - we don't get oil from Libya, China does. - Donald Trump Moral of the story: Mind Your Own Business
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I support health care for people. I want people well taken care of. But I also want health care that we can afford as a country. I have people and friends closing down their businesses because of Obamacare. - Donald Trump
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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"I don't like violence, Tom. I'm a businessman. Blood is a big expense." - Virgil Sollozzo, The Godfather (1972)
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INFLATION FINALLY BEGINS TO EASE
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