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
Gov’t, Balete should bury the hatchet

The acrimony that seemingly characterised the relationship between the Malete Land Board on behalf of the Botswana government and Kgosi Mosadi Seboko and the tribe, should now be water under the bridge as the tribe has finally gotten what it has been fighting for - the land.Kgosi Mosadi has articulated an instance upon which she was allegedly summoned to the State House by the Head of State, Mokgweetsi Masisi where the former claimed she was...

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