Botswana's inflation highest in region

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Botswana's high fuel consumption rate has led to its inflation ballooning to one of highest in the region, Zimbabwe excluded, despite the country possessing other strong macroeconomic fundamentals.

A snap survey of inflation figures in the Southern African Development Community (SADC) region, done by the Business Week shows that by June this year, Botswana's inflation stood at 14.5 percent higher than Zambia (12.6 percent), Angola (12.1 percent), Malawi (8.5 percent), South Africa (11.6 percent), Tanzania (9.3 percent), Mozambique (10.4 percent) and Lesotho (9.6 percent).

Renowned local economist Dr Keith Jefferis believes Botswana's inflation rate has rocketed because of the relatively high weight fuel in the Consumer Price Index (CPI) Basket.

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