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Author Topic: 10,000 shillings doesn't last in Kenya  (Read 1039 times)

Offline Georgesoros

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10,000 shillings doesn't last in Kenya
« on: March 23, 2016, 03:36:58 PM »
Go out to eat, gas your car, and the money is gone.

Offline Globalcitizen12

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Re: 10,000 shillings doesn't last in Kenya
« Reply #1 on: March 23, 2016, 04:45:19 PM »
inflation at 15% annually so this means purchasing power is depreciating at the same rate. even at 7% and incomes staying flat or only moving up a bit. You need to grow income in Kenya at 10% just to keep up with rising prices

Offline Georgesoros

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Re: 10,000 shillings doesn't last in Kenya
« Reply #2 on: March 23, 2016, 08:03:10 PM »
Quote from: Globalcitizen12 on March 23, 2016, 04:45:19 PM
inflation at 15% annually so this means purchasing power is depreciating at the same rate. even at 7% and incomes staying flat or only moving up a bit. You need to grow income in Kenya at 10% just to keep up with rising prices

You can't attract investors at this rate.
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