Inflation is up ..driven by oil and food (imports ) .<br> Unreliable  weather means this could continue . CBK is bound to intervene  though as each successive level creates a new inflation level<div>if they dont fuel prices will go crazy and so will wheat ,and other import foods .</div>
<div>This is probably short term ( A correction ). Remmeber you budget has a large borrowing component also . ( 1.1  T  with most borrowed )</div><div><br></div><div><br></div><div><br></div><div><br></div><div> <br><div class="gmail_quote">
On Mon, Jun 13, 2011 at 4:26 PM, Kevin Ouma <span dir="ltr">&lt;<a href="mailto:kevin.ouma@gmail.com">kevin.ouma@gmail.com</a>&gt;</span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
Skunks<br><br>I have been watching the trends of the Kenya shilling and its now beginning to worry me now. As of today <br>its at 88 shillings ( which means you will buy it at 90 shillings at the forex bureau) and not relenting in the trend.<br>

<br><br>What alarmed me most was when a forex dealer gave me a heads up that its likely to hit the 100 mark in a few weeks.<br><br>Is there a problem in the economy that we are not aware of. I was reading a global report indicating that it is one of the worst performing<br>

currencies to the dollar this year.<br><br>How does that affect IT professionals - from cost of bandwidth, to computer equipment to ipads, cellphones, routers name it it will affect us at <br>some point.<br><br><br>Any economists in this forum ?<br>

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