Cost of living rises to new highs
Friday, August 19, 2022 | 690 Views |
Out of reach: Consumers are experiencing the highest increase in the cost of living since 2008 PIC: MORERI SEJAKGOMO
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.
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...