BoB expects inflation to average 8% this year

Ears to the ground: Pelaelo PIC: THALEFANG CHARLES
Ears to the ground: Pelaelo PIC: THALEFANG CHARLES

The Bank of Botswana (BoB) expects inflation to average eight percent this year—a revision from an initial forecast of 7.2% driven by higher food and oil prices, BusinessWeek has learnt.

The depreciation of the pula against the rand is also expected to add pressure on the prices of goods and services this year, the central bank said.

The revised average for inflation this year is mainly the result of the higher prices that trended in the first quarter of the year, during which inflation reached a 13-year high at 10.6% between January and February.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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