Inflation declines but pain persists
Monday, October 24, 2022 | 1300 Views |
Out of reach: The rate of increase in the average prices of goods and services is at 14-year highs PIC: KENNEDY RAMOKONE
Inflation dropped to 13.8% in September, from 14.6%, largely due to the fuel price decrease effected by the Botswana Energy Regulatory Authority early last month.
However, a breakdown of inflation by Statistics Botswana suggests that the reduction in inflation was largely arithmetical as the indices tracking the prices of basic goods and services all indicate continuing pressure on the cost of living for consumers.
More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...