Inflation eases but...
Wednesday, April 20, 2022 | 1370 Views |
Going up: Fuel prices went up by an average P1.33 recently and experts expect the Ukraine conflict to continue adding pressure PIC MORERI SEJAKGOMO
Figures released recently by Statistics Botswana show that inflation eased to 10% in March, from 10.6% in February, both of those levels representing 13-year highs.
The drop in March was largely due to lower movements across the various goods and services monitored by Statistics Botswana, as compared to the same period last year.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...