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Cost of living rises to new highs

Out of reach: Consumers are experiencing the highest increase in the cost of living since 2008 PIC: MORERI SEJAKGOMO
Out of reach: Consumers are experiencing the highest increase in the cost of living since 2008 PIC: MORERI SEJAKGOMO

The rate of increase in the prices of goods and services reached 14.3% in July from 12.7% in June, the highest level since November 2008, as fuel and food prices continued to escalate.

At its latest level, inflation is under a percentage point shy of the all-time high of 15.1% recorded in November 2008.

Inflation for the first seven months of the year has averaged 11.39%, compared to 11.41% in the same period in 2008, the year in which consumers suffered the highest average inflation ever.

Editor's Comment
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When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...

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