has the KNBS released inflation rates for the month of July.
They were to be released today afternoon

Downwards

Kenya's inflation drops to 7.74 pct

http://af.reuters.com/article/k...ws/idAFN6E8G902O20120731

There's something that is not adding up with inflation and lending rates by CBK... If you look at the tbill rate behaviour it says otherwise about inflation nosediving...

I'm finding CBK and treasury moves very confusing and this needs to be resolved asap to jumpstart the econ. Expensive lending rates, expensive tbills, falling inflation rates... WTH... Someone is lying.

I share the sentiments with Rich on July inflation. Here is what he has said "The Inflation Rate cratered to 7.74% from 10.05% Last Time. I was an Outlier and had expected 8%. In Part, the Steep Drop is due to the High Base Effect of the Comparison from a Year Ago. Clearly Fuel bottomed out during this Reporting Period as well. The MPC are to be commended for getting ahead of the Curve with their 150 Basis Points Rate Cut. I think they have to cement that Advantage with a Further Cut of no less than 200 Basis Points and signal that they are ready to do more. The Shilling is exhibiting far less Beta than in 2011 and The Slow Down [The Economy has been strangled with the High Interest Rate Structure] is in danger of gaining traction and Velocity.We remain correlated to the Weather and Food Prices which requires a more activist Monetary Policy. If You are in the Money Markets or the bond Market, this Data is a Big Signal to extend Duration.