Inflation has finally caught up to the burrito index. We were at Java House this weekend and I noticed they had new menus. So I immediately checked the price on the carne burrito plate, up by 20 shillings. I am actually quite surprised it remained at its old price so long. Officially they had to change the formula to make inflation not look so bad, but in the past two years it has averaged around 30%. With the new formula it is only 6%. Go figure, or maybe I should say, “Karibu Kenya” (welcome to Kenya). Actual figures can be counter productive when you are preparing a run for the presidency in 2012, so who cares about accurately measuring inflation.
I will stick with the burrito index. Of course that does not help to factor in US Dollar inflation, but I will let you worry about that.