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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
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Joined: 9/29/2010
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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
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Joined: 1/13/2011
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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
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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
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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
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Joined: 7/26/2007
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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
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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
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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
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Joined: 9/23/2010
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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
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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
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Joined: 7/26/2007
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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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hisah
#11 Posted : Tuesday, May 31, 2011 1:10:17 PM
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Joined: 8/4/2010
Posts: 8,977
Hmmm... Long term bond holders (esp banks)and interest rate (CBR) hikes will find a way to live 'happily together' in this trap Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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invest0r
#12 Posted : Tuesday, May 31, 2011 1:47:52 PM
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Joined: 12/15/2010
Posts: 162
Sufficiently Philanga....thropic wrote:
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!


Have a look at the details and you will realize that we cannot blame it all on oil.

http://www.knbs.or.ke/sectoral/cpi/cpi052011.html

A quick analysis reveals that Food & Non-Alcoholic Beverages went up by a whooping 20.12% (blame it on our poor economic policies and very kidogo on drought. Notice Unga has gone up by 15% to KES.109 in 1 month only). However, the increase in transport by 22.19% is partly caused by our poor oil importation system and the oil crisis in MENA.

Proper planning can significantly reduce the inflation otherwise we are headed to the gallows in the coming months
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kizee1
#13 Posted : Tuesday, May 31, 2011 2:30:17 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
invest0r wrote:
Sufficiently Philanga....thropic wrote:
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!


Have a look at the details and you will realize that we cannot blame it all on oil.

http://www.knbs.or.ke/sectoral/cpi/cpi052011.html

A quick analysis reveals that Food & Non-Alcoholic Beverages went up by a whooping 20.12% (blame it on our poor economic policies and very kidogo on drought. Notice Unga has gone up by 15% to KES.109 in 1 month only). However, the increase in transport by 22.19% is partly caused by our poor oil importation system and the oil crisis in MENA.

Proper planning can significantly reduce the inflation otherwise we are headed to the gallows in the coming months


can i also add that CBK debased the currency to spur growth..the same CB charged with defendin the value of our currency
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hisah
#14 Posted : Tuesday, May 31, 2011 2:43:09 PM
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Joined: 8/4/2010
Posts: 8,977
@Kizee1 - the most annoying part is the ksh debasement in an inflationary environment... Grrrr...Brick wall Eh?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#15 Posted : Tuesday, May 31, 2011 5:02:29 PM
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Joined: 1/13/2011
Posts: 5,964
Don't worry...inflation will ease in H2.
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invest0r
#16 Posted : Wednesday, June 01, 2011 10:32:08 AM
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Joined: 12/15/2010
Posts: 162
CBK yesterday increased the Central Bank Rate by 25bps to 6.25% and Cash Reserve Ratio by 25bps to 4.75% in a move expected to 'tame the inflation rate and stabilise the exchange rate'. The CRR increase is expected to mope circa KES 3.2Billion from circulation.

http://in2eastafrica.net...rate-to-tame-inflation/

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