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"content": "Just going back again to the Kenya Bureau of Statistics, we know that inflation calculations have lately appeared in the Press; that the formula has not been right and so, this will change. The sooner we do that, the better. We should support the Minister to make sure that the Kenya Bureau of Statistics quickly comes up with a new computation of inflation so that we know the real facts. I am told that they are using the arithmetic mean right now and so, they should shift to the geometric mean. One over-exaggerates the actual magnitude. So, as we speak here today, the inflation figures we are being given are overstated. However, I cannot say to what extent until the geometric mean has come up with the number. I think that is important. If we have wrong inflation figures, how will we have fiscal policies that translate into economic growth? So, these things must work together, based on accurate statistics."
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