hisah wrote:Cde Monomotapa wrote:hisah wrote:http://www.youtube.com/watch?v=lD3gXqIoFuk - With KPLC adjusting the fuel cost upwards, I don't see how double digit inflation rates will not be a reality for a few months...
Mosdef.
Just had a look at the Sept 2011 KNBS bulletin and with inflation posting 17%+ those gok T-Bills won't be able to suppress an interest run to and past 20%... Sigh for the economy...
Month Overall CPI Overall rate of Inflation
Sep-2010 3.21
Oct-2010 3.18
Nov-2010 3.84
Dec-2010 4.51
Jan-2011 5.42
Feb-2011 6.54
Mar-2011 9.19
Apr-2011 12.05
May-2011 12.95
Jun-2011 14.49
Jul-2011 15.53
Aug-2011 16.67
Sep-2011 17.32
We are heading to the 20s, so the worst is yet to come. Borrowers have started defaulting and clients are not paying. Its now about survival....
As long as you're going to be thinking anyway, think big