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
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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