Inflation falls below BoBís 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
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

Have a Story? Send Us a tip
arrow up