Higher food prices to descend on festive season :: Mmegi Online

Millers expect prices of maize meal and flour products to increase “significantly” over the festive season due to upward pressure from South African suppliers. After a year of stable food prices, the increases could not have come at a worse time. Mmegi Staff Writer, MBONGENI MGUNI reports

In its latest update, Statistics Botswana says the prices of bread and cereals were 5.8 percent cheaper in September, than they were in September 2017.

The data agency’s statisticians track the prices of 12 commodities and services to calculate inflation, or the movement of prices, on a monthly basis. Each of the 12 sub-indices is given a weighting according to their influence on the overall calculation. Hence the transport sub-index, which incorporates fuel price increases that impact across the board, is assigned the heaviest weight.

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