Inflation peaks on fuel prices

Friday, December 21, 2018

Inflation rose to a four-year high in November, being pegged at 3.8 percent due to an across-the-board fuel price increase effected in the middle of the month.

According to the latest numbers from Statistics Botswana, inflation jumped 0.2% in November after the average 35thebe increase in fuel prices effected on November 15.

The transport index, one of 12 used to calculate the Consumer Price Index (CPI), carries the heaviest weighting in the basket of indices used to measure inflation. The weighting means any movements within the index impact significantly on the overall CPI, on which the inflation rate is based.

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