Inflation is up ..driven by oil and food (imports ) .
Unreliable weather means this could continue . CBK is bound to intervene though as each successive level creates a new inflation level
Skunks
I have been watching the trends of the Kenya shilling and its now beginning to worry me now. As of today
its at 88 shillings ( which means you will buy it at 90 shillings at the forex bureau) and not relenting in the trend.
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.
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
currencies to the dollar this year.
How does that affect IT professionals - from cost of bandwidth, to computer equipment to ipads, cellphones, routers name it it will affect us at
some point.
Any economists in this forum ?
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