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.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...