A Year To Remember For Consumers

Inflation trended at historically low levels in 2019 PIC: PHATSIMO KAPENG
Inflation trended at historically low levels in 2019 PIC: PHATSIMO KAPENG

In a year in which inflation averaged 2.9 percent, representing very little pressure on prices, consumers are headed in 2020 with generally positive indicators.

Thanks in part to the absence of fuel price increases the whole year and robust public service wage increases, 2019 was generally a smoother ride for households, who in previous years have suffered from high inflation and the erosion of disposable incomes.

Food prices were generally stable, rising by 2.6 percent in the year to October 2019, with average prices of oils and fats actually dropping while staples such as bread, milk, meat, fruits and vegetables all inching upwards only marginally despite a regional drought.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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