Inflation drops marginally

Labobedi
Labobedi

The national year-on-year inflation rate stood at 3.0 percent in May, down by a marginal 0.1 of a percentage point from 3.1 percent in April, figures released by Statistics Botswana yesterday show.

This means prices increased by a slower rate last month, when compared to the same period last year.

Speaking at the presentation of the release yesterday, Acting Principal Statistician, Phaladi Labobedi stated that the national inflation rate for May was lower than the 4.5 percent recorded during the same month in 2014.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

Have a Story? Send Us a tip
arrow up