Costly education pushes up inflation

Tuesday, February 18, 2014

Inflation has shot up, courtesy to, among other things, costly education. Increases in private education school, including, pre-primary and primary education school fees and school uniform prices, were among factors that pushed annual inflation 0.3 percent up to 4.4 in January.

At its latest level, inflation continues within the Bank of Botswana’s three to six percent medium term inflation objective, used to set inflation expectations in the local economy.

January’s inflation is also well below the 7.5 percent recorded in the corresponding month last year, with Statistics Botswana attributing the drop to annualised decreases in inflation rates of major commodity groups such as transport and food.

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Costly education pushes up inflation

Inflation has shot up, courtesy to, among other things, costly education. Increases in private education school, including, pre-primary and primary education school fees and school uniform prices, were among factors that pushed annual inflation 0.3 percent up to 4.4 in January.

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