Inflation inches up marginally :: Mmegi Online

The annual rate of inflation, or the pace of the movement in average prices of goods and services in the country, rose to two percent in June, from 1.9 percent in May, with food being one of the highest contributors.

Figures released by Statistics Botswana this week, indicate that food and non-alcoholic beverages contributed 0.8 percentage points to the annual inflation rate in June, the same as the miscellaneous goods and services category. Alcoholic beverages and tobacco contributed 0.3 percentage points to annual inflation in June, whilst transport contributed a negative 0.5 percentage points.

The latter is due to the absence of a fuel price increase in June, when compared to a year ago. Indices tracking individual items within the food category indicate that prices of coffee, tea and cocoa rose the most in the 12 months to June, increasing by 13.7 percent.

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