Fuel prices push inflation to 13-year high

Inflation driven by an increase in fuel prices as well as revised minibus and taxi fares. PIC. THALEFANG CHARLES
Inflation driven by an increase in fuel prices as well as revised minibus and taxi fares. PIC. THALEFANG CHARLES

Inflation rose to 10.6% in January, the highest level since March 2009, driven by an increase in fuel prices as well as revised minibus and taxi fares.

Inflation, which is the rate of increase in the prices of goods and services, was recorded at 8.7% in December 2021.

However, the level of inflation in December did not include an increase in fuel pump prices, which were raised by as much as P1.75 on December 20. Pump prices were raised five times in 2021, pushing inflation to nine-year highs by June.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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