Inflation falls below BoB�s objective range

Fuel prices decreases have pulled inflation down to a four decade low
Fuel prices decreases have pulled inflation down to a four decade low

The annual inflation rate fell further below the Central Bank’s medium-term objective range of 3-6 percent in February, reaching an all time low of 2.8 percent.

According to the latest Consumer Price Index (CPI) figures released by Statistics Botswana (SB), this represents a drop of 0.8 of a percentage point on the January 2015 rate of 3.6 percent. The figure was lower than the 4.6 percent recorded during the same month in 2014 as the effects of the drop in fuel prices continue to be felt across the board.

The downward movement of annual inflation rate between February 2014 and February 2015 was attributed to the decline in prices of commodities in the main component of transport, which dropped by 7.3 percentage points.

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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