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

The rate of increase in the prices of goods and services declined marginally in September, but remained at 14-year highs, continuing the pain consumers have been experiencing since the beginning of the year.

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.

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