Inflation could fall even further

Inflation could fall even further
Inflation could fall even further

Inflation could drop below its current historic level of 2.4 percent in the short term, as the Bank of Botswana expects fuel prices to remain unchanged in the last quarter of the year.

Inflation, or the rate of increase in prices, fell to what most data sets suggests is an all-time low of 2.4 percent in October, helped by low imported inflation, restrained demand in the economy and stable administered prices. 

The Bank of Botswana (BoB) said in the absence of a fuel price increase in the remainder of 2019, the base effects stemming from the increase in fuel prices in the last quarter of 2018 will contribute to inflation trending even lower in the short term. Base effects are distortions in monthly inflation resulting from abnormally high or low levels of inflation in the corresponding month a year before. 

Editor's Comment
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This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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