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
Deadly weekend demands immediate vigilance

The heartbreaking reports carried elsewhere on this publication of a woman killed in Metsimotlhabe and four family members perishing near Metsimaswaana Bridge are, devastatingly, not isolated incidents. They represent the sharp, painful tip of a weekend that has seen far too many collisions, injuries, and losses on the roads. This alarming spike in fatalities is a screaming siren we cannot ignore. It compels a direct and urgent plea to every...

Have a Story? Send Us a tip
arrow up