Headline Inflation Rises Sharply In July
Monday, August 20, 2007
This was mainly the result of the increase in fuel prices at the beginning of July, which caused the transport sub-index (which has a weight of 19.0 percent in the CPI basket) to rise by 4.7 percent. Other indices that recorded significant upward movements were food (1.7 percent), housing (1.0 percent), and restaurants and hotels (1.7 percent).
However, stable and falling prices in other commodity groups reduced the impact of these increases on overall inflation. By tradability, inflation for tradable goods and services rose by 1.6 percent to 8.8 percent from 7.2 percent in June, while for non-tradables the increase was 0.1 percent from 4.7 percent to 4.8 percent.
The trimmed mean measure of core inflation was 6.8 percent in July, up 0.7 percent from 6.1 percent in June. Excluding administered prices (which include fuel prices), inflation fell by 0.8 percent, from 6.8 to 6.0 percent. (Bank of Botswana)
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...